Regulatory Alerts2019-08-26
Added · Updated
HKMA Liquidity Facilities Framework for Banks: Operational Note
The Hong Kong Monetary Authority issues this operational note to define the framework for four liquidity facilities designed to support licensed banks, restricted licence banks, and deposit-taking companies. The framework establishes Settlement and Standby Liquidity Facilities for routine and unexpected liquidity needs, alongside Contingent Term and Resolution Facilities for crisis scenarios, all secured by eligible collateral with specified haircuts. Operational details, including pricing mechanisms, collateral eligibility lists, and transaction procedures, are outlined to ensure systemic stability and smooth interbank payment operations.
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