HKMA introduces new liquidity facilities to protect banks amid Hong Kong turmoil

Pedro Gonçalves
clock
HKMA introduces new liquidity facilities to protect banks amid Hong Kong turmoil

Hong Kong Monetary Authority has updated its emergency funding framework and introduced a new facility to support banks in the case of an unexpected liquidity crunch, a move aimed at strengthening the banking system at a time of unprecedented social unrest. The HKMA's updated liquidity framework includes the introduction of four new ways banks can borrow from the central bank in the case of any liquidity crisis and to fulfill requirements recommended by the Financial Stability Board (FSB) ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login