The Poisson bracket compatible with the classical reflection equation algebra

We introduce a family of compatible Poisson brackets on the space of $2\times 2$ polynomial matrices, which contains the reflection equation algebra bracket. Then we use it to derive a multi-Hamiltonian structure for a set of integrable systems that includes the $XXX$ Heisenberg magnet with boundary conditions, the generalized Toda lattices and the Kowalevski top.