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Changes to the Eligibility Criteria for Access to Reserves Accounts and Other Sterling Monetary Framework Facilities
The Bank has today announced in a Market Notice a widening in the population of institutions eligible to apply for Reserves Accounts under the Bank's Sterling Monetary Framework (SMF) Facilities.
Published on
05 October 2009
The Bank is widening eligibility in order to assist smaller institutions to manage their liquidity. The Financial Services Authority (FSA) has also today published a paper - 'Strengthening Liquidity Standards' - which sets out their liquidity proposals for authorised institutions.
Press release