30 ноября 2011
г. шесть центральных банков (Банк Канады, Банк Англии, Банк
Японии, ЕЦБ, ФРС США, Национальный банк Швейцарии) объявили о согласованных действиях в целях повышения их потенциала по оказанию поддержки ликвидности в мировой финансовой системе.
подробно см., например, официальное заявление Банка Англии, опубликованное на его официальном
сайте – http://www.bankofengland.co.uk/publications/news/2011/138.htm).
Coordinated central bank action to address pressures in global money markets
30 November 2011
The Bank of Canada, the Bank of England, the Bank of Japan, the
European Central Bank, the Federal Reserve, and the Swiss National Bank
are today announcing coordinated actions to enhance their capacity to
provide liquidity support to the global financial system. The purpose
of these actions is to ease strains in financial markets and thereby
mitigate the effects of such strains on the supply of credit to
households and businesses and so help foster economic activity.
These central banks have agreed to lower the pricing
on the existing temporary U.S. dollar liquidity swap arrangements by 50
basis points so that the new rate will be the U.S. dollar overnight
index swap (OIS) rate plus 50 basis points. This pricing will be
applied to all operations conducted from 5 December 2011. The
authorization of these swap arrangements has been extended to 1 February
2013. In addition, the Bank of England, the Bank of Japan, the
European Central Bank, and the Swiss National Bank will continue to
offer three-month tenders until further notice.
As a contingency measure, these central banks have
also agreed to establish temporary bilateral liquidity swap arrangements
so that liquidity can be provided in each jurisdiction in any of their
currencies should market conditions so warrant. At present, there is no
need to offer liquidity in non-domestic currencies other than the U.S.
dollar, but the central banks judge it prudent to make the necessary
arrangements so that liquidity support operations could be put into
place quickly should the need arise. The swap lines are available until
1 February 2013.
The introduction of the network of temporary swap
lines will enable the Bank of England to provide sterling to the other
central banks if required, as well as enabling the Bank of England to
provide liquidity, should it be needed, in Japanese yen, euro, Swiss
francs and Canadian dollars (in addition to the existing operations in
The Bank will continue its weekly tenders of U.S.
dollar funding at fixed interest rates each Wednesday until further
notice, with counterparties able to borrow unlimited amounts against
eligible collateral. The rate at which tenders are conducted will be
reduced to OIS+50bps (from OIS+100bps) beginning with the next weekly
tender on 7 December. The three-month tender scheduled for 7 December
three-month tenders will also be conducted at OIS+50bps.
In the U.S. dollar repo operations, counterparties are
permitted to borrow any amount against eligible collateral. Further
details can be found in the Market Notice at http://www.bankofengland.co.uk/markets/marketnotice111130.pdf
These operations are subject to the terms of the Sterling Monetary Framework Documentation, available here
http://www.bankofengland.co.uk/markets/money/documentation.htm, as supplemented and amended by the Supplementary Terms, which can be found on the Bank of England website at http://www.bankofengland.co.uk/markets/other/dollarrepo/index.htm. The US dollar term repo operations use the Narrow and Wider OMO Collateral pools, details of which can be found at http://www.bankofengland.co.uk/markets/other/dollarrepo/eligiblecollateral.htm.
Information on related actions being taken by other central banks
Information on the actions to be taken by other central banks is available on the following websites:
Bank of Canada (http://www.bankofcanada.ca)
Bank of Japan (http://www.boj.or.jp/en)
European Central Bank (http://www.ecb.int)
Swiss National Bank (http://www.snb.ch)
Federal Reserve (http://www.federalreserve.gov)