lender of last resort

British  

noun

1. the central bank of a country with authority for controlling its banking system

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Example Sentences

As lender of last resort, the Fed must understand the nonbank balance sheets that now intermediate a growing share of credit.

From Barron's

Mr Drakeford said the Welsh government had "stepped in as the lender of last resort" when the WRU "weren't able to sustain" payments on an earlier Covid loan.

From BBC

“China’s new role as a lender of last resort in Argentina, and the use of the yuan for international trade by Bolivia, are a sign of the times.”

From Seattle Times

The Fed's most standard tool, acting as lender of last resort to banks through its discount window, would also be available.

From Reuters

Much of the emergency lending has been via the discount window, the Fed's main lender of last resort tool, a facility that has historically been shunned by banks for fear it would send out a sign of weakness to use it.

From Reuters