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BoE is working to design a contingent NBFI repo facility
The Bank of England (BoE) has set out its progress on work to develop a facility to allow eligible pension funds, liability-driven investment (LDI) providers and insurers to borrow cash against gilts at times of severe gilt market dysfunction.
The bank's report on its official market operations over the 2023-23 year – published yesterday (30 July) – noted the bank has begun work to expand the tools it has available to respond when severe...
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