Financial institutions move to address funding squeeze in Asia

Funding dilemmas

dollar-squeeze

The spectre of an imminent Greek sovereign default during the past quarter and a Chapter 11 bankruptcy filing by US broker MF Global on October 31, have contributed to risk aversion and a liquidity squeeze in the Asian markets. This has resulted in some banks and other institutions finding it difficult to source US dollars as well as some local currencies.

However, a number of financial institutions in the region with favourable liquidity positions and good credit ratings are turning the situati

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