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Bank of England to make it easier for banks to borrow cash from February 11 

January 17, 2014
David Milliken, Reuters

British banks will be able to get cash from the Bank of England on easier terms from February 11 onwards to help avoid a repeat of the liquidity shortages that occurred in the financial crisis, the central bank said on Thursday.

They will be able to offer up lower-quality assets than now as collateral. The amount of money available will also fluctuate depending on the market environment rather than being a set amount.

Governor Mark Carney said in October he planned to make it easier for banks to use the lower-quality collateral to get funds - albeit at a price.

Read more: Reuters

 
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