Regulation, Risk & Compliance
Retail Banking
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Turkey's last-resort lending facility tapped, funding costs rise
An unnamed bank or banks resorted to borrowing at the Turkish central bank’s expensive “lender of last resort” facility on Monday, the first time in 10 months that it had been tapped, raising the average cost of funding in broader money markets. The central bank said it provided 3 billion…
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Click here to read the full story: Reuters