BIS report: build liquidity co‑operation early to prepare for crisis
CGFS report urges central banks to build networks domestically and across borders
Central banks need to act early to build networks of co-operation and source liquidity, before the next financial crisis strikes, a report by a Bank for International Settlements committee says.
The report, penned by the Committee on the Global Financial System (CGFS) and published today (April 6), seeks to draw together best practice on liquidity assistance following rapid experimentation by many central banks during the global financial crisis.
“The overall message is that central banks need
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