The paper follows the proposed changes to the Bank's facilities first outlined in the October 2008 consultative paper, 'The Development of the Bank of England's Market Operations'. That described how the Bank, through its Discount Window Facility (DWF) and Extended Collateral Long Term Repo operations, would provide temporary liquidity insurance to sound banks against a wider population of high quality collateral. And it stated the Bank would develop further detailed eligibility criteria for collateral.
Published on
17 March 2010
Press release