Second, at a global level, the accumulation of reserve-currency low-risk assets has been a central strategy for many emerging economies, in seeking to limit financial fragilities associated with a lack of foreign-currency liquidity. [19] However, this force has plausibly weakened in recent years, due to the strengthening of domestic-currency financial systems in many emerging markets and the adoption of more flexible exchange-rate regimes.
10. As on date, 41 scheduled commercial banks have reported to have complied with the requirement of setting up a dedicated loan policy on MSE, 40 scheduled commercial banks with the requirement of setting up a rehabilitation/restructuring policy and 39 scheduled commercial banks on setting a non-discretionary One Time Settlement scheme for recovery of non-performing loans.