LNB News 09/12/2024
Document Information
Issue Date: 09 December 2024
Published Date: 09 December 2024
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Bank of England (BoE) has published a Discussion Paper outlining plans to recalibrate the Indexed Long-Term Repo (ILTR) facility as part of its transition to a demand-driven, repo-led framework for supplying reserves. In light of this, the Prudential Regulation Authority (PRA) has issued a statement encouraging firms to engage with the proposals and test their operational readiness for accessing the ILTR. Changes to the ILTR are set to take effect in 2025.
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