New UAE central bank facility to ease liquidity shortfalls | GulfNews.com:
"The UAE Central Bank’s initiative to provide a new lending facility to assist banks which face short-term liquidity shortfalls is the result of regular consultations between the Central Bank and the UAE Banks Federation (UBF), the bankers’ body said in a statement.
The facility, called the Interim Margin Lending Facility, will provide funding on an overnight basis for banks which are able to provide eligible securities and instruments as collateral.
The development of the facility originated from a need to introduce new ways to further strengthen and consolidate the banking sector as a whole."
'via Blog this'
No comments:
Post a Comment