As you are all aware, the Bank has recently announced its intention to make available such a committed liquidity facility against eligible collateral to all South African banks to help them meet the required LCR.
This should help avoid any abrupt changes to the business models of bank, which could both complicate the transmission mechanism of monetary policy and have a detrimental effect on the real economy. The bank is presently investigating options to also deal with the challenges presented by the NSFR should it be applied in its current form.