United Kingdom
BIS project aims to redesign global payments infrastructure
“Most ambitious” innovation hub project to date will test BIS’s “unified ledger” concept
BoE plans upgrades to data collection process
Overhaul includes work on validation, communications with firms and common data standards
BoE says risk of ‘sharp correction’ in asset prices has risen
Drop in asset prices could trigger renewed “dysfunction” in core markets, central bank says
BoE holds policy rate as MPC flags persistent inflation
Headline price rises forecast to drop below 2% within months, but wage growth remains high
BoE official reveals details of non-bank backstop design
Bank intends to activate mechanism in crises only, despite firms’ call for standing liquidity facility
‘Passive’ QT can be costly, BoE paper finds
Research highlights need to account for frictions and build “headroom” for future shocks
UK floats plan to seize Russian central bank assets
Foreign secretary says country is prepared to act without all its Nato partners
Pill says BoE has focused too hard on inflation forecast
Chief economist argues “richer and more robust analysis” is needed
BoE has ‘more to do’ after compliance breaches
UK audit office says more than 40% of staff still did not feel free to raise concerns in 2023
Clare Lombardelli appointed BoE deputy governor
OECD chief economist will take over UK central bank’s monetary policy portfolio
Campaigners call on BoE to make collateral rules greener
Report says bank’s use of fossil fuel assets as collateral is adding to climate risks
Legislation needed to break non-bank deadlock – BIS’s Borio
Panellists at BoE event highlight array of shortcomings with regulatory framework
BoE’s Dhingra says restrictive policy risks ‘scarring’ economy
MPC member warns that focusing on pay and services inflation could lead to “overtightening”
Bailey hints at possible outcome of Bernanke review
Bank of England may present range of scenarios around central forecast
BoE’s focus has shifted from tightening, says deputy governor
Inflation “moving in right direction” but trends still need to be monitored, Breeden says
UK plans to tap deposit insurance to support resolution
New mechanism would use deposit insurance to fund failed banks, bridge banks and regulators
FCA official confirms end of ‘temporary permissions regime’
European firms must have UK regulatory approval by December 30
BoE holds rates for third straight meeting
“There is still a long way to go,” says Bailey
BoE and FCA set out plan to oversee ‘critical third parties’
Regulators fear growing reliance on outsourced services could threaten financial stability
UK regulator proposes tougher rules for money market funds
BoE welcomes FCA move and warns of wider risk of “dysfunction” in core markets
MPs cool on UK CBDC prospects
Treasury select committee says upsides to digital pound are “unclear”
Parliamentary committee calls for BoE governance reforms
Report urges simpler mandate, greater “diversity of thought” and regular reviews
UK inflation falls more than BoE had expected
Housing prices fall year on year for first time since 2012, while energy prices also decline
BoE unveils monetary policy shocks database
Data reveals change in markets’ focus since introduction of “Super Thursdays”