Another strategy for problem bank resolution was drawing up schemes for acquisition of a weak UCB by a strong UCB and exploring possibilities of funding the gap between valuation accepted by the acquiring bank and the actual deposit liabilities by the Deposit Insurance and Credit Guarantee Corporation.
That way, our policy actions get through to people and businesses. In turn, when containment measures are lifted, the recovery will be easier to attain, and sustain. Today, I’d like to discuss some of the specific programs the Bank has put in place to achieve both of these goals—that is, to ensure funding liquidity and market liquidity.