Bank of England re eligibility for discount window - ACT response

The Bank of England has proposed in its counsultative document Extending eligible collateral in the Discount Window Facility and information transparency for asset-backed securitisations to extend the categories of assets that it will accept as collateral for the provision of short term liquidity to sound banks via its discount window facility. It is proposed to include portfolios of loan to non financial companies as eligible collateral. The ACT welcomes this proposal and believes that indirectly the extra liquidity will benefit companies seeking loans from their banks.

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