Bank of England

268 results about this entity

Period: 02 Nov 2005 - 16 Apr 2024

/markets

BoE forecasting held back by out-of-date tech - Bernanke

The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.

/payments

BofE's Sarah Breeden: Modernising the trains and rails of UK payments

The money we use to support economic and financial activity, and the payment systems we use as we do so, are fundamental to the Bank of England’s role to maintain monetary and financial stability.

/regulation

BofE and FCA issue draft guidance on Digital Securities Sandbox

UK regulators are inviting feedback on draft guidance for firms looking to enter the country's new Digital Securities Sandbox (DSS).

/payments

Central banks explore tokenisation of cross-border payments

A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.

/cloud

BofE plans cloud-based data platform and AI pilots

The Bank of England is building out a cloud-based data and analytics platform after an independent review found "nervousness" in adopting the technology.

/payments

King Charles III banknotes to enter circulation on 5 June 2024

Banknotes carrying a portrait of King Charles III will be issued for the first time on 5 June 2024.

/regulation

Bank of England governor Andrew Bailey embraces AI - BBC

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

/crime

Could CBDCs help prevent fraud?

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

/payments

Digital pound consultation: User privacy and access to cash key concerns

The UK Government has vowed to pass primary legislation guaranteeing user privacy in the event of a future digital pound.

/crime

BIS and Bank of England seek advisors for financial crime project

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

/regulation

UK financial regulators to assume direct oversight of critical technology suppliers

British banking regulators have proposed further checks on financial firms' reliance on third party technology companies.

/regulation

BofE to review AI risk to financial stability

The Bank of England is launching a review of artificial intelligence and machine learning amid concerns that its use could pose financial stability risks.

/crypto

UK rule makers set out roadmap for regulating stablecoins

The Bank of England and the Financial Conduct Authority have pushed out proposals for the regulation of stablecoins, billing them as an efffective way to make payments faster and cheaper for consumers and retailers.

/people

Etay Katz appointed to BofE/Treasury CBDC engagement forum

Global law firm Ashurst's digital assets practice lead and chair of the bank industry sector, Etay Katz has been appointed to sit on the Bank of England ('BOE') and HM Treasury ('HMT') Engagement Forum for Central Bank Digital Currency ('CBDC').

/payments

RTGS and Chaps back online after six-hour outage

The Bank of England has resolved a "technical" glitch that shut down its real-time gross settlement system and Chaps high value payments network for six hours on Monday morning.

/people

Bank of England recruits academics to advise on digital pound design

The Bank of England is on a recruitment drive for UK researchers and academics to join a newly-created CBDC Academic Advisory Group (AAG).

/regulation

BoE and FCA release data collection transformation update

The Bank of England (BoE) and Financial Conduct Authority (FCA) have met their phase one commitments in ongoing delivery of the Transforming Data Collection (TDC) joint transformation programme.

/crypto

BofE taps Nuggets for digital pound privacy layer

The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

/payments

UK Finance baulks at proposed £20,000 upper limit for future Britcoin

UK Finance, the collective voice for the UK banking and finance industry, has clashed with the bank of England on the proposed £10,000 to £20,000 ceiling on individual holdings in a future central bank digital currency, arguing that such a limit could result in a run on bank deposits.

/payments

UK’s CHAPS system migrates to ISO 20022

The UK’s high-value payments system, CHAPS, has migrated to the ISO 20022 financial messaging standard.