Emeap: Cross-border collateral may alleviate dollar funding strains
SYDNEY – Co-operation through swap arrangements and the development of cross-border collateral lists is vital to prevent liquidity strains in their money markets, East Asian and Pacific central bankers said on July 22.
The financial markets working group of the Executives' Meeting of East Asia-Pacific Central Banks (Emeap), which met in Sydney on July 21–23, said the "wave of bailouts and bankruptcies in the US and European financial sectors in 2008 was the catalyst for significant liquidity
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