1. After pressing Symington about his communications with Citicorp, Schindler attempted to demonstrate that Symington was worried about the liquidity requirement. 2. Feingold said he twice told Symington that he felt the governor had misled the bank regarding the liquidity requirement. 3. He also testified that he did not believe the trust was used to satisfy any part of the liquidity requirement imposed by Citicorp. 4. Prosecutors say that Symington defrauded the bank by using the assets of a family trust to meet the liquidity requirement. 5. Also, that recent steps to limit exposure of banks to the real estate market and to tighten liquidity requirements will strengthen the financial system. 6. By lowering interest rates and cutting the liquidity reserve requirements of banks, billions of pesos of potentially loanable funds have been released into the financial system. 7. He added that the HKMA is not planning to raise liquidity ratio requirement for local banks as reported earlier. 8. On Tuesday a bank association asked the central bank to reduce the liquidity reserve requirement because it had failed to protect the peso. 9. On Tuesday, a bank association asked the central bank to reduce the liquidity reserve requirement because it had failed to protect the peso. |
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