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 .
Goldman Sachs International, which specialises in investment 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 SMF 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 importance to the UK economy.