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- Title
Collateral, risk management at the Bank of England.
- Authors
Breeden, Sarah
- Abstract
In response to the financial crisis the Bank of England has expanded the range of collateral accepted in its market operations to include private sector assets, notably asset-backed securities and covered bonds. Such assets have different risk characteristics to the forms of collateral previously accepted, presenting new risk management challenges. This article sets out how the Bank of England undertakes collateral risk management, highlighting in particular the significant degree of protection taken by the Bank in its operations.
- Subjects
UNITED Kingdom; RISK management in business; BANK of England; COLLATERAL security; COLLATERALIZED loan obligations; ASSET backed financing
- Publication
Bank of England Quarterly Bulletin, 2010, Vol 50, Issue 2, p93
- ISSN
0005-5166
- Publication type
Article