Published by Global Banking & Finance Review®
Posted on May 14, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe Bank of England will engage with the financial industry on reforms to strengthen the gilt repo market's resilience, following stress in 2022.
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)
The article discusses the Bank of England's plans to seek feedback on potential reforms to the gilt repo market to enhance its resilience.
The gilt repo market is crucial for financial stability, and its resilience is vital for preventing market stress like that seen in 2022.
Sarah Breeden, Deputy Governor of the Bank of England, announced the initiative to engage with the financial industry.
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