Bank of England launches temporary expanded collateral repo facility
By:Reuters
Updated: Oct 10, 2022, 06:35 UTC•1min read
LONDON (Reuters) – The Bank of England said on Monday it would launch a temporary expanded collateral repo facility to help banks ease liquidity pressures facing their client funds caught up in the recent market turmoil which threatened pension funds.
Most Popular
EUR/USD
$1.07292
+0.02%
Bitcoin
$22,845.25
-0.25%
S&P 500
$4,130.38
-0.81%
Natural Gas
$2.55
-5.10%
LONDON (Reuters) – The Bank of England said on Monday it would launch a temporary expanded collateral repo facility to help banks ease liquidity pressures facing their client funds caught up in the recent market turmoil which threatened pension funds.
The liquidity insurance operations will run beyond the end of this week, the bank said.
(Reporting by Sachin Ravikumar; Editing by William Schomberg)
Advertisement
Don't miss a thing! Sign up for a daily update delivered to your inbox
Loading
Loading
Loading