At the height of the crisis, in late 2008/early 2009, the liquidity shortfall was met through special liquidity facilities at the Reserve Bank and additional parent bank funding as well as Government guarantees on bank deposits and debt securities. In order to ensure greater bank self reliance going forward, the Reserve Bank introduced a prudential liquidity policy in April 2010.
Shirakawa, Masaaki, “International Policy Response to Financial Crises”, Remarks at the Symposium Sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, Bank of Japan, 2009. 10  BIS central bankers’ speeches