Sterling Monetary Framework: Difference between revisions
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*[[Money market]] | *[[Money market]] | ||
*[[Operational Standing Facilities]] | *[[Operational Standing Facilities]] | ||
*[[Operations]] | |||
*[[SMF participant]] | *[[SMF participant]] | ||
*[[Sterling]] | *[[Sterling]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
Revision as of 16:51, 2 May 2022
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 UK government's 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.
