Bank of England

Interest rate rise was in line with Fed and ECB

Government will need to pay almost £30bn a year in 2023, 2024 and 2025

The BoE adviser says deteriorating derivative and repo positions led to evaporating liquidity

BofE buffer recommendations for LDI funds, and TPR launches guidance on EDI

Detailed TPR regulations and stress testing update will be needed

The Financial Policy Committee also says that TPR should have financial stability objective

MPC referenced ‘large and volatile moves in global financial markets’

Punter Southall’s Chris Parlour looks at what has changed since the crisis

MPC member urged for a halt to further increases

House of Lords committee also says pension accounting standards need review