Financial market dealers have said a stable and liquid money market is crucial to achieving market stability.
The dealers canvassed “a balancing mechanism to even out the demand for and supply of funds, private partnership legal framework for derelict infrastructure -power, rail, health, education, as well as encouraging collective will to leave everywhere we go a bit better than we met it”. Other speakers were Managing Director/CEO, SunTrust Bank, Ayo Babatunde, who spoke on the “Balance Sheet, The Market and Optimal Impact”. Chairman, Money Market Workgroup Olufemi Adaramola gave an overview of the “Liquid Money Market with Impact on Derivatives Products Pricing and Development”.
To ensure lending to Small and Medium Enterprises , retail, mortgage, and consumers, Babatunde said the CBN assigned a weight of 150 per cent to them in the computation of LDR.
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