Funding for lending programmes (FFLs) seek to facilitate the flow of credit to the economy by enabling banks to access low-cost funding from the central bank. The funding often targets credit to specific sectors of the economy and is typically subject to conditions on its use. This paper...

On the back of increased fragmentation and automation in the FX market, the use of execution algorithms (EAs) has been on the rise. Prepared by a Markets Committee study group, this report examines the role of EAs in the FX market. It highlights key trends with regard to their increasing usage,...