BoE scraps 170-year old weekly balance sheet ‘snapshot' to hide emergency liquidity
BoE to remove data on emergency liquidity provision from weekly statement
The Bank of England (BoE) is scrapping a 170-year old weekly snapshot of its balance sheet to prevent incorporated data on emergency liquidity provision from spurring bank runs.
The bank said today it will replace its Bank Return publication, which it has put out since 1844, with a new, "more modernised" weekly report in October that will omit data on ad hoc operations to prop up solvent but illiquid lenders.
The Bank Return provides a weekly snapshot of the Bank's balance sheet, identifying key
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