The Bank of England (BoE) has introduced additional eligibility and disclosure requirements for ABS and covered bonds to be accepted in its operations. It has also extended the range of collateral eligible for its discount window facility (DWF) to include portfolios of loans to individuals and non-banks. The extension will take place in 2011.
These initiatives, which were announced via a market notice, are a result of recent industry consultation. Further information regarding the criteria and timescales will be announced later this year.