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BOK to provide emergency liquidity using loans as collateral in case of large-scale deposit withdrawals
Summary by The Korea Times
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2 Articles
The Korea TimesReposted by 
연합뉴스-Yonhap News Agency
연합뉴스-Yonhap News AgencyBOK to provide emergency liquidity using loans as collateral in case of large-scale deposit withdrawals
The Bank of Korea (BOK) said Sunday it has decided to provide emergency liquidity to financial institutions by accepting their loan assets as collateral in the event of large-scale deposit withdrawals or other liquidity crises. Under the new rule approved by the BOK Monetary Policy Board, the central bank will be able to offer additional emergency funding backed by loan receivables, if deemed necessary, in addition to its existing lending progra…
·Korea, Republic of
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