BoE updates on contingent repo facility to allow schemes to borrow cash against gilts

Contingent NBFI repo facility aims to tackle gilt market dysfunction

Jonathan Stapleton
clock • 2 min read
BoE is working to design a contingent NBFI repo facility
Image:

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

FMs making 'incremental' progress on ESG integration

FMs making 'incremental' progress on ESG integration

EY report finds ESG integration has been a case of ‘evolution rather than revolution’

Martin Richmond
clock 09 July 2026 • 3 min read
Nest launches £200m VC sleeve with Schroders Capital

Nest launches £200m VC sleeve with Schroders Capital

Master trust will allocate £200m to build on existing private markets investment

Martin Richmond
clock 08 July 2026 • 4 min read
The hardest problem in finance is becoming pensions' defining challenge

The hardest problem in finance is becoming pensions' defining challenge

Hugh Cutler says there is not yet a settled industry answer to the decumulation challenge

Hugh Cutler
clock 07 July 2026 • 5 min read
Trustpilot