
Banks rush to swap higher-risk credit assets for BoE cash
British commercial banks are increasingly swapping higher-risk assets for central bank cash at the Bank of England (BoE), according to an analysis of public filings. On August 18, lenders pledged £1.9 billion in Level C collateral—the central bank’s highest-risk category—at the weekly Indexed Long-Term Repo auction, marking a three-fold increase...








