![BoE: Lender of (not so) last resort](/sites/default/files/styles/teaser_image_max715/public/2024-07/30.07.2024%20Blog_Teaser.jpg.webp?itok=AL92w037)
BoE: Lender of (not so) last resort
Last week, the Bank of England (BoE) published a speech by its Executive Director for Markets, Victoria Saporta, in which she laid out the central bank’s evolving role as a lender to the UK banking system. More specifically, the speech highlighted how the BoE expects to see UK banks having a greater reliance on its funding facilities going forward.