This paper presents the analysis underpinning the ESRB Recommendation on guidance on setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to help authorities tasked with setting the countercyclical capital buffer (CCB) to operationalise this new macroprudential...

Existing stress tests do not capture feedback loops between individual institutions and the financial system. To identify feedback loops, the European Systemic Risk Board has developed macroprudential surveys that ask banks and insurers how they would behave in a macroeconomic stress scenario....

This article reviews developments in global financial markets since the 2009 Q2 Quarterly Bulletin up to end-August 2009. The article also reviews the Bank’s official operations.

This article sets out how monetary policy implementation and liquidity provision during the financial crisis have affected the size and composition of the Bank of England’s balance sheet. It extends and updates a recent speech by Paul Fisher, Executive Director Markets, and describes the main...

The Bank of England implements the policy stance of the Monetary Policy Committee through its operations in the sterling money markets. It also uses these operations to reduce the costs of disruption to the liquidity and payment services supplied by banks. In order to ensure their continued...

This article reviews developments in sterling financial markets, including the Bank’s official operations, since the 2010 Q3 Quarterly Bulletin up to 19 November 2010. The article also summarises market intelligence on selected topical issues relating to market functioning.

This article reviews developments in sterling financial markets, including the Bank’s official operations, since the 2010 Q2 Quarterly Bulletin up to 27 August 2010. The article also summarises market intelligence on selected topical issues relating to market functioning.