SMF Collateral Eligibility: What the BoE’s 2026 Changes Mean for UK Bank Liquidity Pools and Returns
Last updated: June 2026 A pre-positioned collateral pool is only worth what the Bank of England will lend against it. On 11 June 2026 the Bank changed the rules on SMF collateral eligibility: what counts, how it is graded, and how it is valued under the Sterling Monetary Framework. When a UK bank’s treasury and…