 The other intervention was the Standards on Cash Deposit Fees which removed all cash deposit fees charged by banking institutions to all accounts of individuals and accounts belonging to businesses with a turnover of $ million or less which become effective from 31 March 2015. 12.
The Fed should therefore clearly communicate the path of its intended policy actions to minimize negative spillovers which could undermine the policy adjustment efforts of emerging markets. Altogether I believe that emerging market economies will be able to address these challenges appropriately and that they will emerge from this crisis situation stronger and more resilient! BIS central bankers’ speeches  3