Banks should be operationally ready for liquidity support – BIS
Institution calls on authorities to improve lenders’ preparedness for central bank liquidity
Authorities should work to improve lenders’ operational readiness to access central bank liquidity, a report by the Bank for International Settlements has said.
In a paper published on December 16, the BIS’s Financial Stability Institute argues that banks “must have the operational capacity to access central bank lending operations”.
The authors – Rodrigo Coelho, Mathias Drehmann, Diarmuid Murphy and Ruth Walters – note that borrowing from a central bank involves various steps. Lenders need to
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