SMF participant: Difference between revisions
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An SMF participant is a participating institution in the Bank of England's Sterling Monetary Framework (SMF). | An SMF participant is a participating institution in the Bank of England's Sterling Monetary Framework (SMF). | ||
In principle, participation in the SMF is voluntary. | In principle, participation in the SMF is voluntary. | ||
Revision as of 17:34, 8 August 2016
UK central bank oversight.
An SMF participant is a participating institution in the Bank of England's Sterling Monetary Framework (SMF).
In principle, participation in the SMF is voluntary.
However, the SMF has been designed to encourage participation.
Institutions eligible to be SMF participants include:
- Commercial banks
- Building societies
- Broker-dealers
- Central counterparties (CCPs)
