Northern Rock Liquidity Support
Mervyn King leads the Bank of England when it provides a collateralised liquidity support facility to Northern Rock during severe funding pressure.
Role range: 2003-2013
Historical biography archive · Updated 2026-11-03
Mervyn King Biography and Timeline
Follow Mervyn King through 10 dated historical records for Great Britain.
Mervyn King, historical timeline
A chronological timeline drawn from matching World History Database records.
10Distinct records
1 of 1Page
2007–2013Years on this page
2007
2008
Special Liquidity Scheme Launched
Mervyn King leads the Bank of England as it launches the Special Liquidity Scheme allowing banks to exchange eligible illiquid assets for Treasury bills.
Role range: 2003-2013
Credit Crunch
The Bank of England launches the Special Liquidity Scheme, allowing banks to exchange high-quality mortgage-backed assets temporarily for Treasury bills.
Role range: 2007-2010 – 2003-2013
2009
Quantitative Easing
The Bank begins purchasing assets with newly created central-bank money to support demand.
Role range: 2003-2013
Credit Crunch
The Bank of England cuts Bank Rate to 0.5 percent and begins quantitative easing through large-scale asset purchases financed with central-bank reserves.
Role range: 2007-2010 – 2003-2013
Quantitative Easing Expanded to 125 Billion Pounds
Mervyn King chairs the Monetary Policy Committee as it expands planned asset purchases to a total of one hundred and twenty-five billion pounds.
Role range: 2003-2013
Quantitative Easing Expanded to 175 Billion Pounds
Mervyn King chairs the Monetary Policy Committee as it expands the asset-purchase programme to a total of one hundred and seventy-five billion pounds.
Role range: 2003-2013
Quantitative Easing Expanded to 200 Billion Pounds
Mervyn King chairs the Monetary Policy Committee as it expands the Bank of England's asset-purchase programme to a total of two hundred billion pounds.
Role range: 2003-2013
2012
Financial Services Act Regulatory Reform
Mervyn King serves as Governor as the Financial Services Act creates a statutory Financial Policy Committee and establishes the Prudential Regulation Authority within the Bank of England.
Role range: 2003-2013
2013
Prudential Regulation Authority Begins Operations
Mervyn King serves as Governor when the Prudential Regulation Authority begins operating as the prudential regulator for banks, building societies, insurers and major investment firms.
Role range: 2003-2013
Records, sources and methodology
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.