Banks rush to tap new dollar liquidity facilities

Federal-Reserve-uncertainty
The Federal Reserve

The new 12-week dollar liquidity facilities offered by four major central banks and backed by the Federal Reserve saw strong demand today (March 18) in their first day of operations.

The opening of the facilities coincided with signs that dollar funding markets were tightening. One measure of stress, the Libor-OIS spread, hit its highest level since 2009 on March 16. The news came as the Institute of International Finance warned of major capital flight from emerging markets.

The Bank of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: