Jamaica will require banks to have recovery plans to access emergency liquidity
Banks must provide recovery plans under new emergency liquidity facility
Jamaica's financial institutions will have to provide liquidity recovery plans under the newly established Emergency Liquidity Facility (ELF), launched by the Central bank this year.
Speaking to students at the UWI Mona Banking League 5th Anniversary Celebrations meeting, Brian Wynter outlined how lending under the ELF "may need to be secured by a broader range of collateral" than other facilities, "including securities that are subject to greater credit, market or liquidity risks".
"As a result
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