Policy paper
Memorandum of Understanding Between HM Treasury and the Bank of England 2018
HM Treasury and the Bank of England have agreed a new Memorandum of Understanding, which sets out the financial relationship between the two institutions.
This was published under the 2016 to 2019 May Conservative government
Documents
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Details
The Memorandum of Understanding includes a new capital and income framework for the Bank of England which takes effect from today (21 June 2018).
This agreement will reinforce the Bank바카라 사이트™s independence and resilience, provide greater transparency concerning the Bank바카라 사이트™s finances, and reinforces the stability of the UK바카라 사이트™s financial system.
Updates to this page
Published 21 June 2018