The BoE Annual Report for 2009 focuses on the events of last year and sets priorities for the future. BoE realised it needed greater clarification of its role in financial stability and is pleased with the Banking Act 2009. However, it is not sure the new regime goes far enough in some respects. For the next year, it has set seven strategic priorities, including:
- improving its ability to provide liquidity to the system in normal and stressed conditions;
- performing its enhanced role for financial stability; and
- strengthening co-operation between central banks.