Bank of England eases collateral rules for banks that need cash

Bank of England governor Mark Carney announced an easing of rules for banks in need of short-term cash, taking a new approach to how the central bank will work with the City of London five years after the financial crisis.

via Business feed http://www.scmp.com/business/banking-finance/article/1339503/bank-england-eases-collateral-rules-banks-need-cash