The Bank of England has committed to improving the operation of its liquidity facilities after an independent review highlighted areas that could be enhanced.
The BoE’s Independent Evaluation Office conducted a review of the facilities under the Sterling Monetary Framework, which provides both routine and emergency liquidity to the UK financial system, publishing its results on January 18.
While it deemed the central bank’s efforts to reform the facilities post-2008 to be largely praiseworthy,
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