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Bank of England publishes rules for energy firms’ liquidity tool
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LONDON (Reuters) – The Bank of England published on Monday the rules for energy firms seeking to use a new liquidity tool designed to help them cope with swings in gas prices caused by the war in Ukraine.
LONDON (Reuters) – The Bank of England published on Monday the rules for energy firms seeking to use a new liquidity tool designed to help them cope with swings in gas prices caused by the war in Ukraine.
The BoE said applications for using the scheme, which launches on Monday, would run until Jan. 27.
($1 = 0.8872 pounds)
(Writing by William Schomberg; editing by William James)
Liquidity refers to the ease with which an asset can be converted into cash without affecting its market price. It is crucial for businesses to manage their cash flow and meet short-term obligations.
The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, managing monetary policy, and ensuring financial stability within the economy.
Financial stability refers to a condition where the financial system operates efficiently, allowing for the smooth functioning of markets, institutions, and the economy without significant disruptions.
Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.
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