BoE outlines risk of higher intraday liquidity buffers
The Bank of England on Thursday outlined several tools regulatory authorities can use to mitigate the perverse incentives created by new rules requiring banks to hold larger liquidity buffers for real-time settlement.
In a paper published by the Bank of England, Alan Ball, Edward Denbee, Mark Manning and Anne Wetherilt, the paper's authors, noted that the Financial Services Authority's (FSA) new liquidity regime requiring banks to calibrate their liquid asset buffers to meet liquidity intraday
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