Bank mulls widening collateral pool
The Bank of England on Wednesday said it was considering expanding the pool of collateral it accepts against short-term loans to lenders. In return though, the Bank would demand more information about the assets.
In a consultation paper following up on another issued in October 2008, the Bank suggested that widening the accepted pool of collateral was a good idea as it would "ensure that securities taken in the Bank's operations have a genuine private sector demand rather than comprising
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