国际清算银行：偿付能力作为紧急流动性支持的要求（英文版）

Most central banks require firms to which they lend to be solvent. This applies also for emergency liquidity support. • In all jurisdictions surveyed in this paper, the solvency concept applied for emergency liquidity support purposes considers broadly a firm's capacity to meet its financial obligations. However, approaches differ in the extent to which they focus on a snapshot of a firm's balance sheet or on a general, possibly forward-looking, assessment of viability. • As a matter