Innovations in the Bank’s provision of liquidity insurance via Indexed Long-Term Repo (ILTR) operations

Tarkus Frost (), Nick Govier () and Tom Horn ()
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Tarkus Frost: Bank of England
Nick Govier: Bank of England
Tom Horn: Bank of England

Bank of England Quarterly Bulletin, 2015, vol. 55, issue 2, 181-188

Abstract: The Bank’s liquidity insurance facilities have been consistently improved since the onset of the financial crisis. The most innovative of these facilities is the Indexed Long-Term Repo (ILTR). In designing the ILTR, the Bank has drawn on lessons from auction theory. A key feature is that the provision of liquidity via the ILTR adjusts automatically to increases in demand caused by liquidity stresses in the financial system.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0175

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