Pension funds press for central bank repo backstop

Bank of England support seen as 'only' option to ease collateral fears

bank-of-england
The Bank of England

Pension funds are pressing the Bank of England (BoE) to act as a liquidity provider of last resort in times of stress, to help address fears about the impact of clearing regulation on the sector.

Speaking on a panel at a Risk conference in London on October 6, David Cobbald, portfolio manager at the UK's Pension Protection Fund, said his and other organisations had spoken with the BoE about how it might help pension funds should they face heavy collateral demands during times of stress.

"Why can

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: