Tuesday 18, September 2012 by Robin Amlôt
New central bank discount window credit positive for UAE banks says Moody's
Recently the Central Bank of the United Arab Emirates (CBUAE) announced that it would create a new discount window called the marginal lending facility (MLF). The new funding facility allows regulated UAE banks to borrow intra-day or overnight funds from the central bank by discounting eligible assets from a pre-published list. Moody’s says this new monetary policy tool will improve local banks' liquidity management practices, a credit positive.
