Source: bankofengland.co.uk
Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the...
The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). It is doing so to address potential liquidity challenges in...
If commercial banks don’t provide retail payments innovation, central banks should be prepared to offer a retail central bank digital currency (CBDC), Bank of England...
If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who...
New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...
The largest banks in the United Kingdom are reportedly cutting costs to protect profits as interest rates begin to decline. The moves come as the...
The Bank of England (BoE) is conducting a new series of experiments with central bank digital currencies (CBDCs) for retail use. Citing growing innovations and...
The outage at Swift that affected the Bank of England also impacted the European Central Bank. The outage, which lasted for several hours on Thursday...
The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We...