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Email On 19 January 2009 the U.K. Treasury announced a package of measures designed to increase the confidence and capacity of lend of U.K. financial institutions. One of the measures announced was the establishment by the Bank of England (the BoE) of a £50 billion Asset Purchase Facility to purchase high quality financial assets. https://www.cadwalader.com/resources/clients-friends-memos/bank-of-england-asset-purchase-facility---a-panacea-for-the-uk-corporate-credit-markets