The role of Bank of England

• Banker to banks  - banks can deposit/borrow to balance their accounts 
• Banker to government - raise funds to cover governemnt deflicits (sell bonds) 
• Regulates financical system through PRA 
• Manages exchange rates  - keep stablility wivout interfering wiv appreciation/depreciation of LT trade + capital flow
• Lender of last restorts - banks wiv difficulty/unable to meet despositors request to withdraw money turns to B. 
  • B lend money to sticken bank to prevent bank failure 

In extreme cases banks gone too far to be saved 

Relationships with other central banks + organisation - to uphold global banking system