The Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank on Tuesday said they will go back to weekly dollar swap operations with the U.S. Federal Reserve, from the daily ones they have been conducting. The central banks didn’t elaborate on why but it comes as stress in the financial sector has been reduced after the collapse of three U.S. banks earlier this year. “These central banks stand ready to re-adjust the provision of U.S. dollar liquidity as warranted by market conditions. The swap lines among these central banks are available standing facilities and serve as an important liquidity…
