This note, published in pursuit of the FMLC’s educational remit, outlines some of the legal issues which arise in the context of monetary policy and monetary financing, and considers a recent judicial decision in relation to the distinction between monetary policy and monetary financing, so as to highlight particular consequences for stimulus policies by National Central Banks.
Tag: Bank of England
Letter to Bank of England: Response to BoE White Paper on SONIA: 9 October 2017
In June 2017, the Bank of England’s Working Group on Sterling Risk-Free Reference Rates published a White Paper entitled SONIA as the RFR and approaches to adoption. The Working Group […]
Letter to Bank of England: Reform of SONIA: 30 December 2016
The FMLC responded to a consultation paper published by the Bank of England in October 2016 on the evolution of the SONIA benchmark. The Consultation Paper sets out proposals for […]
Letter to Bank of England: The Fair and Effective Markets Review: 29 January 2015
A letter from the FMLC to Dr Shafik of the Bank of England, sent 29 January 2015, responding to a consultation document by the Fair and Effective Markets Review. Available […]