Fed stress-testing operational readiness of discount window
Experts say consultation on improved ops should be accompanied by focus on willingness to borrow
The US Federal Reserve has been stress-testing its discount window to ensure it could provide liquidity to large numbers of banks simultaneously during a stress event, Risk.net has learned. Although the internal testing is not directly related to a request for information (RFI) on possible operational upgrades to the discount window, sources say both initiatives stem from criticism of the Fed’s
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