Chile: Financial Sector Assessment Program—Technical Note on Systemic Liquidity
September 12, 2022
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Chile is characterized by a highly interconnected financial system, which presents risks and opportunities for the development of liquidity markets. On the one hand, the large domestic non-bank financial sector (pension funds, mutual funds, insurers) creates a large investor base for domestic debt securities, fostering the development of these markets. On the other hand, the non-bank financial sector is vulnerable to shocks which may have significant spillovers to funding markets and to the banking system.
Subject: Asset and liability management, Bonds, Collateral, Financial crises, Financial institutions, Financial markets, International organization, Lender of last resort, Liquidity, Monetary policy, Money markets
Keywords: Bonds, Collateral, ELA framework, ELA procedure, ELA regulation, funding plan template, Global, Lender of last resort, Liquidity, Money markets, risk equivalence
Pages:
33
Volume:
2022
DOI:
Issue:
294
Series:
Country Report No. 2022/294
Stock No:
1CHLEA2022004
ISBN:
9798400219566
ISSN:
1934-7685
