Fiscal Implications of the Bank of England’s Plan to Sell Gilts

Sarah Breeden, who is currently the Bank’s Executive Director for Financial Stability Strategy and Risk [FSSR], has been appointed as Sir John Cunliffe’s successor as the Deputy Governor with responsibility for Financial [...]

Fiscal Implications of the Bank of England’s Plan to Sell Gilts2024-03-19T17:18:34+00:00

Does QE have a stronger inflation effect than conventional monetary policy?

Sarah Breeden, who is currently the Bank’s Executive Director for Financial Stability Strategy and Risk [FSSR], has been appointed as Sir John Cunliffe’s successor as the Deputy Governor with responsibility for Financial [...]

Does QE have a stronger inflation effect than conventional monetary policy?2024-02-22T10:16:33+00:00

Financial stability policy: What issues should Sarah Breeden prioritise?

Sarah Breeden, who is currently the Bank’s Executive Director for Financial Stability Strategy and Risk [FSSR], has been appointed as Sir John Cunliffe’s successor as the Deputy Governor with responsibility for Financial [...]

Financial stability policy: What issues should Sarah Breeden prioritise?2023-10-25T09:55:31+01:00

Don’t ask, Don’t get: the limits of the FPC’s power of recommendation

The power of recommendation is one of the two key powers of the Financial Policy Committee. The working assumption of most FPC-watchers is that this power will be used in very specific [...]

Don’t ask, Don’t get: the limits of the FPC’s power of recommendation2023-09-20T09:18:01+01:00

The apparent reluctance to use resolution powers for big banks

One of the great innovations in financial stability policy worldwide over the past decade or so has been the development of an international standard approach to resolution policy for banks of systemic [...]

The apparent reluctance to use resolution powers for big banks2023-09-20T09:18:48+01:00

The pawnbroker for all seasons – an expensive and excessive solution to liquidity risk management in the banking system

The failure of Silicon Valley Bank, and the ensuring contagion to other small US regional banks, have served as a forceful reminder of some of the fundamental risks that make banking a [...]

The pawnbroker for all seasons – an expensive and excessive solution to liquidity risk management in the banking system2023-07-19T14:26:13+01:00

Three sets of questions for the FPC ahead of its July FSR

In this short blog, we highlight three sets of questions for policymakers on the Bank’s Financial Policy Committee ahead of their July FSR. Our questions are focused in three separate areas: • [...]

Three sets of questions for the FPC ahead of its July FSR2023-07-11T12:14:39+01:00

Does the Liquidity Coverage Ratio need a rethink in the light of recent bank failures?

On 10 March, the US authorities closed Silicon Valley Bank (SVB) following massive deposit outflows from the bank the preceding day. The days and weeks that followed saw further bank failures, of [...]

Does the Liquidity Coverage Ratio need a rethink in the light of recent bank failures?, 2023-06-02T15:49:47+01:00
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