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Collateral risk management at the Bank of England


  • Breeden, Sarah

    () (Bank of England)

  • Whisker, Richard

    () (Bank of England)


In response to the financial crisis the Bank of England has expanded the range of collateral accepted in its market operations to include private sector assets, notably asset-backed securities and covered bonds. Such assets have different risk characteristics to the forms of collateral previously accepted, presenting new risk management challenges. This article sets out how the Bank of England undertakes collateral risk management, highlighting in particular the significant degree of protection taken by the Bank in its operations.

Suggested Citation

  • Breeden, Sarah & Whisker, Richard, 2010. "Collateral risk management at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 50(2), pages 94-103.
  • Handle: RePEc:boe:qbullt:0018

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    References listed on IDEAS

    1. Cross, Michael & Fisher, Paul & Weeken, Olaf, 2010. "The Bank's balance sheet during the crisis," Bank of England Quarterly Bulletin, Bank of England, vol. 50(1), pages 34-42.
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    Cited by:

    1. Paul Tucker, 2014. "The lender of last resort and modern central banking: principles and reconstruction," BIS Papers chapters,in: Bank for International Settlements (ed.), Re-thinking the lender of last resort, volume 79, pages 10-42 Bank for International Settlements.
    2. Alphandary, Alice, 2014. "Risk managing loan collateral at the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 54(2), pages 190-201.

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