Industry News: Cyber

Bank of Canada Unveils Tool to Help Sound Financial Institutions Endure Liquidity Shocks

Written by Cybersecurity | Nov 15, 2019 5:03:00 PM

2019-11-12

Reuters: Under the Standing Term Liquidity Facility (STLF), eligible provincially and federally regulated members of Payments Canada challenged by idiosyncratic shocks like natural disasters, system failures, and cyber attacks would be given access to central bank liquidity for a 30-day term, renewable at the Bank of Canada’s discretion.

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