Reputational risk and Sterling Monetary Framework: Difference between pages
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imported>Doug Williamson (Expand. Source: PRA CP 21/16 http://www.bankofengland.co.uk/pra/Documents/publications/cp/2016/cp2116.pdf) |
imported>Doug Williamson (Create the page. Source: Bank of England webpage http://www.bankofengland.co.uk/markets/Pages/money/default.aspx) |
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''UK central bank oversight.'' | |||
(SMF). | |||
The Sterling Monetary Framework (SMF) describes the Bank of England's operations in the sterling money markets. | |||
The SMF includes: | |||
*Operational Standing Facilities (OSFs). | |||
*Liquidity insurance. | |||
The SMF's purposes are to: | |||
*Implement the Bank of England's Monetary Policy Committee's (MPC's) decisions in order to meet the inflation target. | |||
*Reduce the risk and cost to the UK economy of any disruption to the critical financial services provided by banks and other participants in the SMF. | |||
==See also== | ==See also== | ||
*[[ | *[[Bank of England]] | ||
*[[ | *[[Financial Policy Committee]] | ||
*[[ | *[[Inflation]] | ||
*[[Operational | *[[Liquidity insurance]] | ||
*[[Monetary policy]] | |||
[[ | *[[Monetary Policy Committee]] | ||
*[[Money market]] | |||
*[[Operational Standing Facilities]] | |||
*[[Sterling]] | |||
Revision as of 15:45, 7 August 2016
UK central bank oversight.
(SMF).
The Sterling Monetary Framework (SMF) describes the Bank of England's operations in the sterling money markets.
The SMF includes:
- Operational Standing Facilities (OSFs).
- Liquidity insurance.
The SMF's purposes are to:
- Implement the Bank of England's Monetary Policy Committee's (MPC's) decisions in order to meet the inflation target.
- Reduce the risk and cost to the UK economy of any disruption to the critical financial services provided by banks and other participants in the SMF.
