The Temporary Expanded Collateral Repo Facility (TECRF), announced on 10 October, will remain available until its planned closing date of 10 November 2022.
The Bank of England announced a temporary and targeted intervention on Wednesday 28 September to restore market functioning in long-dated government bonds.
The Temporary Expanded Collateral Repo Facility (TECRF), announced on 10 October, will remain available until its planned closing date of 10 November 2022.
The Bank of England announced a temporary and targeted intervention on Wednesday 28 September to restore market functioning in long-dated government bonds.
The Prudential Regulation Authority (PRA) has recently written a “Dear CEO” letter, intended to outline the Authority’s priorities for international banks that operate in the UK. The letter was sent to “the wide and diverse range of international banks that [the FCA] supervises” and helps such organisations identify and manage potential risks.
Can’t we just print more money? is a new pop-economics book, written by the Bank of England, which will be published this May in partnership with Cornerstone Press. The book addresses ten economic questions, from, ‘Why are all my clothes made in Asia?’ to ‘What actually is money?’
The Bank of England has today published a Policy Statement concluding the Bank’s review of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL).
The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken deposits from participating UK-based Islamic banks for the first time.
The Bank of England has today published a Consultation Paper and draft Statement of Policy on the Bank’s approach to ‘tiering’ non-UK central counterparties (CCPs) based on the level of systemic risk they could
pose to UK financial stability.
With unregulated crypto assets growing 200% this year alone from just under $800 billion to $2.3 trillion, and banks and hedge funds now becoming involved, the Bank of England is worried about contagion if the value of coins and tokens held deflates rapidly.
European Central Bank (ECB) president Christine Lagarde, US Federal Reserve chair Jerome Powell, Bank of England governor Andrew Bailey and Bank of Japan governor Haruhiko Kuroda came together (virtually) on 29 September to answer these questions in an hour-long discussion on global economic prospects entitled ‘Beyond the pandemic: the future of monetary policy’ during the ECB Forum on Central Banking.
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