Quarterly Bulletin
May 1996 Contents

The operation of monetary policy (340k)
Box on the Government's financing requirement and remit to the Bank of England for 1996/97
Note on the gilt repo market

The international environment (69k)
Box on output growth in the G7 countries by type of activity
Box on fiscal developments in the European Union

Financial market developments (84k)
Box on developments in the UK asset-backed securities market in 1994/95
Box on dividend yields and future equity returns

Understanding broad money (95k)

How do UK companies set prices? (69k)

The valuation of sub-underwriting agreements for UK rights issues (27k)

Bank of England Agents' summary of business conditions (197k)

G7 yield curves (224k)

Seasonal adjustment of UK monetary aggregates (17k)

EMU - considerations for British membership (17k)
Speech given by the Governor to the Royal Institute of International Affairs on 13 March

Some thoughts on financial regulation (17k)
Speech given by the Governor to the Edinburgh Finance and Investment Seminar and the Glasgow Discussion Group on Finance and Investment on 28 February

Industrial investment - can the market respond? (40k)
Speech given by the Deputy Governor to the National Association of Pension Funds Conference on 21 February

International regulatory co-operation post-Barings (9k)
Summary of a speech given by Mr M D K W Foot to the International Swaps and Derivatives Association on 7 March

The London Approach and trading in distressed debt (20k)
Speech by Mr M T R Smith to the International Business Communications Conference on 1 February