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

British Coal scheme appoints BlackRock for £8bn fiduciary management brief

British Coal scheme appoints BlackRock for £8bn fiduciary management brief

Deal is latest in a line of substantial UK scheme outsourcing deals

Jonathan Stapleton
clock 01 July 2026 • 2 min read
Pension schemes form working group to tackle dual-class share disclosure

Pension schemes form working group to tackle dual-class share disclosure

Groups say improved voting outcomes disclosure will support capital markets

Jonathan Stapleton
clock 29 June 2026 • 2 min read
Investors becoming 'more selective' about private capital managers

Investors becoming 'more selective' about private capital managers

Coller Capital finds nearly one quarter of LPs expect to reduce number of GP relationships

Jonathan Stapleton
clock 24 June 2026 • 3 min read
Trustpilot