Publication of near-final Basel 3.1 rules
Statement from the Bank of England
Bank of England
Change in Collateral Eligibility Criteria for Regulated Covered Bonds in the Bank’s Sterling Monetary Framework - Market Notice 16 August 2024
From 1 September, to be eligible as Level B collateral in the Bank’s Sterling Monetary Framework, the minimum original issue size of a UK, French or German Regulated Covered Bond will be lowered to £500 million or €500 million, from £1 billion or €1 billion.
Chancellor appoints Professor Alan Taylor as member of the Monetary Policy Committee
Chancellor of the Exchequer Rachel Reeves has today confirmed that Professor Alan Taylor will join the Monetary Policy Committee (MPC) on 2 September for a 3-year term, replacing current external member Professor Jonathan Haskel who has been on the MPC since September 2018.
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