UK bank funding costs spike in Q1 – BoE

Total term debt issuance is around 60% higher this year to date than at the same points in 2016 and 2017

UK bank funding spreads widened in recent months, though the Bank of England (BoE) does not equate this with a jump in banks’ riskiness.

In its biannual Financial Stability Report, the BoE cited data showing that UK bank secured bond spreads have climbed steadily since the start of the year, while credit default swap spreads – a popular gauge of dealers’ riskiness – have stayed stable. 

The central bank stated that the spread widening likely reflected a gear change in UK bank bond sales. Total

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here