SMF participant: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England Red Book June 2015 p3.) |
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Revision as of 17:33, 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)
