Remarks by Chris Salmon on the SMF Annual Report
Given at the Money Markets Liaison Committee meeting
July 13 2015
“The Bank has also started work to ensure there are no technical obstacles to our ability to accept equities as collateral should the need arise. At present, the Bank accepts a very broad range of collateral, including government bonds, asset backed securities and pools of ‘raw’ loans. But the Bank can further bolster its flexibility by removing any technical obstacles to accepting equities as collateral, should the need arise. Given the complexities involved, the project will take some time to deliver, and we currently anticipate that work to remove technical obstacles will continue throughout 2015 and 2016.”
The full speech is available here: http://www.bankofengland.co.uk/publications/Pages/speeches/2015/830.aspx