In the mean time check out Euromoney Skew's related articles:
Bank of England should buy UK bank bonds
If the Bank of England wants to help bring down UK banks’ funding costs so as to ease credit to the economy, maybe it should start buying UK bank bonds.
One answer might be for the European Central Bank to begin quantitative easing in the name of monetary policy transmission to stave off deflation, rather than of capping government bond yields or anything else that smacks of financing governments
