RBA's Stevens on the future of liquidity provision
It is likely that arrangements for providing liquidity will continue to be discussed, said Glenn Stevens, the governor of the Reserve Bank of Australia.
The longer term issues arising for central bankers and supervisors from the recent events are "how to make arrangements sufficiently flexible and adaptive, including across borders, which may be needed given the globalised nature of markets," stated Stevens.
The governor added that the debate will also need to embrace the risk that private
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