The Bank of England has opened applications for a new emergency lending tool which is designed to protect pension funds during times of severe market stress. The Contingent NBFI Repo Facility (CNRF) will provide crucial support to non-banking financial institutions by offering emergency loans during periods of market turbulence.
The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business,
The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.
The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain's government bond market. The Contingent Non-Bank Financial Institution Repo (CNRF) allows companies to borrow cash from the BoE using gilts they own as collateral.
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Move over ChatGPT, there's a new contender to the throne. Chinese startup DeepSeek AI blasted its way to the top of Apple's App Store this week, hammering U.S. tech stocks in the process — and reacting to the news on The Daily Show, Jon Stewart was shocked and appalled.
As many as 17 inspectors general were fired by President Trump. “That only leaves — no one knows how many left,” Stewart said. “I have no idea.”
The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee (PRC).