All the more reason for both private parties and regulators to pay particular attention to possible sources of risk and stress over coming years. 4  BIS Review 46/2005
Under this facility, the Bank will pay interest on current account balances – excess reserve balances, to be exact – that financial institutions hold with the Bank, and the interest rate applied will form the floor of market interest rates, since financial institutions will not have any incentive to offer funds in the call market below this rate.