UK gilt repo market reforms are essential but will take years, BOE's Breeden says
By Sofia Gerace ( May 28, 2026, 10:59 GMT | Insight) -- The UK's gilt repo market must undergo reform to address vulnerabilities, but changes will take "years rather than months," a senior Bank of England official has reassured the financial industry after hedge funds expressed concerns that rapid reforms would be disruptive. The UK central bank proposed overhauling the market for borrowing and lending cash using government bonds last year.The UK's gilt repo market must undergo reform to address vulnerabilities, but changes won't be made in a rush, a senior Bank of England official has reassured the financial industry after hedge funds expressed concerns that rapid reforms would be disruptive....
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