Goldman Sachs UK , which specialises in corporate finance and institutional client services , has gained approval to access funding from the Bank of England"s Sterling Monetary Framework ( SMF ) . This reflects recent efforts of the Bank of England to extend access to funds to broker dealers and central counterparties ( CCP ) . The 2015 annual report of SMF , as of January 2015 showed that 50 % of the global over - the - counter interest rate derivatives market is currently centrally cleared . The company has obtained approval to access funding from the Bank of England’s Sterling Monetary Framework (SMF), according to a filing of Goldman Sachs International that disclosed first-half 2015 results. This marks a 31 % increase since April 2012 . The Bank of England wants to provide insurance liquidity to broker - dealers given their systemic risks to the UK economy .
Goldman Sachs UK , which specialises in corporate finance and institutional client services , has gained approval to access funding from the Bank of England"s Sterling Monetary Framework ( SMF ) . This reflects recent efforts of the Bank of England to extend access to funds to broker dealers and central counterparties ( CCP ) . The 2015 annual report of SMF , as of January 2015 showed that 50 % of the global over - the - counter interest rate derivatives market is currently centrally cleared . This marks a 31 % increase since April 2012 . The Bank of England wants to provide insurance liquidity to broker - dealers given their systemic risks to the UK economy .