Image:
BoE is working to design a contingent NBFI repo facility
The Bank of England (BoE) has set out its progress on work to develop a facility to allow eligible pension funds, liability-driven investment (LDI) providers and insurers to borrow cash against gilts at times of severe gilt market dysfunction.
The bank's report on its official market operations over the 2023-23 year – published yesterday (30 July) – noted the bank has begun work to expand the tools it has available to respond when severe...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
