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The Bank of England as a bank

Author

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  • Manning, Stuart

    (Bank of England)

Abstract

Much is published about the Bank of England’s policy functions and its financial operations. But less is typically known about the Bank’s role as a bank in the more traditional sense, offering accounts and banking services to its customers. The three main customer groups to which the Bank provides banking services are: the UK Government; overseas central banks; and certain other financial institutions, such as central counterparties. The Bank’s approach is not to compete with commercial banks, but to provide banking services where doing so supports its mission and in particular its objective to maintain financial stability.

Suggested Citation

  • Manning, Stuart, 2014. "The Bank of England as a bank," Bank of England Quarterly Bulletin, Bank of England, vol. 54(2), pages 129-136.
    • Handle: RePEc:boe:qbullt:0137
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    File URL: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/the-boe-as-a-bank.pdf?la=en&hash=AB8C0065D816ADD65FE6464D121746D163ED18FD
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    References listed on IDEAS

    as
    1. Rehlon, Amandeep & Nixon, Dan, 2013. "Central counterparties: what are they, why do they matter and how does the Bank supervise them?," Bank of England Quarterly Bulletin, Bank of England, vol. 53(2), pages 147-156.
    2. Allen, Helen & Dent, Andrew, 2010. "Managing the circulation of banknotes," Bank of England Quarterly Bulletin, Bank of England, vol. 50(4), pages 302-310.
    3. Dent , Andrew & Dison, Will, 2012. "The Bank of England’s Real-Time Gross Settlement infrastructure," Bank of England Quarterly Bulletin, Bank of England, vol. 52(3), pages 234-243.
    4. Murphy, Emma & Senior, Stephen, 2013. "Changes to the Bank of England," Bank of England Quarterly Bulletin, Bank of England, vol. 53(1), pages 20-28.
    5. McLeay, Michael & Radia, Amar & Thomas, Ryland, 2014. "Money in the modern economy: an introduction," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 4-13.
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    Cited by:

    1. Baranova, Yuliya & Liu, Zijun & Noss, Joseph, 2016. "The role of collateral in supporting liquidity," Bank of England working papers 609, Bank of England.

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