Home > Financial System > Lender of last resort Lender of last resort
In common with central banks around the world, one of the functions of the Bank of Canada is to act as a "lender of last resort" (LLR). The Bank's LLR policies, and links to related documents, are found below.
Bank of Canada Lender-of-Last-Resort Policies:
- Introduction
- Standing Liquidity Facility (SLF)
- Terms of the SLF
- Access to Bank of Canada settlement accounts and the SLF
- Emergency Lending Assistance (ELA)
- Terms and conditions of ELA
- Eligibility Criteria for ELA
- Implications Regarding Eligibility for ELA
- Managing ELA
- Foreign currency ELA
- The Relationship between the SLF and ELA
- Systemic Risk and Bank of Canada Intervention
- Forced LVTS Loans
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