IMF Staff Country Reports

Chile : Technical Assistance Report-Central Bank Services to Non-bank Financial Institutions

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

May 13, 2020

Electronic Access:

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Summary:

The BCCh is considering broadening access to its services beyond commercial banks and some Financial Market Infrastructures (FMIs). The services include settlement accounts, intra-day liquidity, standing deposit and lending facilities, and eligibility for ELA. Banks have always had access to these services, while Central Counterparties (CCPs) and the Securities Settlement System (SSS) were granted access to a settlement account in 2009. The BCCh is considering extending its services to various types of Nonbank Financial Institutions (NBFIs) to enable it to more closely manage and mitigate financial stability risks.

Series:

Country Report No. 2020/160

Subject:

Central bank operations Central Banks Financial crises Financial markets Macroprudential policies and financial stability