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    Home > Finance > Bank of England to seek feedback on gilt repo reforms, Breeden says
    Finance

    Bank of England to seek feedback on gilt repo reforms, Breeden says

    Published by Global Banking & Finance Review®

    Posted on May 14, 2025

    1 min read

    Last updated: January 23, 2026

    Bank of England to seek feedback on gilt repo reforms, Breeden says - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    The Bank of England will engage with the financial industry on reforms to strengthen the gilt repo market's resilience, following stress in 2022.

    Bank of England to Discuss Gilt Repo Market Reforms

    LONDON (Reuters) -The Bank of England will start talking to players in the financial services industry about possible reforms to make sure the gilt repo market is resilient, BoE Deputy Governor Sarah Breeden said on Wednesday.

    The BoE's Financial Policy Committee said in November it wanted to strengthen the market which came under stress in 2022 when British government bond prices slumped following then prime minister Liz Truss's "mini-budget."

    "We will start a conversation with industry via a Discussion Paper later this year on possible reforms to market structure to enhance gilt repo market resilience," Breeden said in the text of a speech to the annual meeting of the international Swaps and Derivatives Association in Amsterdam.

    (Writing by William Schomberg; editing by Sarah Young)

    Key Takeaways

    • •BoE to engage with financial industry on gilt repo reforms.
    • •Reforms aim to enhance market resilience.
    • •Gilt repo market stress followed 2022 bond price slump.
    • •Discussion Paper to be released later this year.
    • •Sarah Breeden announced the initiative in Amsterdam.

    Frequently Asked Questions about Bank of England to seek feedback on gilt repo reforms, Breeden says

    1What is the main topic?

    The article discusses the Bank of England's plans to seek feedback on potential reforms to the gilt repo market to enhance its resilience.

    2Why is the gilt repo market significant?

    The gilt repo market is crucial for financial stability, and its resilience is vital for preventing market stress like that seen in 2022.

    3Who announced the reforms?

    Sarah Breeden, Deputy Governor of the Bank of England, announced the initiative to engage with the financial industry.

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