The Bank of England has begun a consultation on moving RTGS and CHAPS (the UK's high-value payment system) settlement hours towards near 24x7 operation.
Bank Of England
The Financial Conduct Authority (FCA), Bank of England and HM Treasury have issued a joint warning that frontier artificial intelligence models now pose a materially heightened cyber threat to regulated firms, and have set out clear expectations on how the sector should respond. In a joint statement
UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.
The Bank of England (BoE) is facing mounting pressure from economists to scale back its quantitative tightening (QT) programme, with critics warning that the costly approach is exacerbating the UK's borrowing costs and straining public finances at an already precarious moment. The fresh wave of scru
Net borrowing of mortgage debt by individuals increased to £6.2 billion in March, from £5.2bn in February, above the previous 6-month average of £4.9bn, according to The Bank of England's latest Money and Credit release covering March 2026 The data points to a pickup in lending act
The Bank of England (BoE) and the Financial Conduct Authority (FCA) are at loggerheads over proposals to ease capital requirements for specialist trading firms, such as Citadel Securities, Jane Street and Hudson River Trading. The dispute was triggered by plans outlined by the FCA at the end of last
The Bank of England’s Monetary Policy Committee has opted to continue keeping UK interest rates at 3.75%, resisting pressure to hike borrowing costs despite a spike in inflation linked to the ongoing conflict in the Middle East. While markets had anticipated a move to curb rising prices, the c
The Bank of England could deliver two interest rate cuts before the end of the year, but only if a resolution to the conflict in Iran and the reopening of the Strait of Hormuz materialises within weeks, according to Peel Hunt's chief economist Kallum Pickering. Mr Pickering described current market
The Bank of England has held interest rates at 3.75%, with all nine members of the Monetary Policy Committee (MPC) voting unanimously to keep borrowing costs on hold – a level of consensus not seen since the Covid pandemic. Kevin Brown, savings expert at Scottish Friendly, said: “The wor
The Bank of England has delivered a pre-Christmas boost to borrowers, cutting the base interest rate by 25 basis points to 3.75%. This reduction, which brings rates to their lowest level in nearly three years, was driven by a deteriorating labour market and signs that price rises will continue to sl
The Bank of England has launched a comprehensive system-wide exploratory scenario (SWES) to assess how private markets would cope with a severe economic downturn. This exercise targets the private equity (PE) and private credit (PC) sectors, aiming to identify potential risks to UK financial stabili
The Bank of England (BoE) has announced its first major loosening of banking regulations since the 2008 financial crisis, cutting the estimated capital UK lenders must hold. Following successful stress tests, the Financial Policy Committee (FPC) lowered the benchmark for tier one capital – the
Interest rates will be held at 4% following a narrow decision by the Bank of England's Monetary Policy Committee as the Budget approaches. The nine-member committee was split 5-4 in this morning's vote, with four members supporting a reduction to 3.75%.
Goldman Sachs has predicted the Bank of England will defy market expectations by cutting interest rates next week. In a note to clients, the investment bank said it had reassessed its position after recent data provided a "convincing case" for a reduction. Analysts argue that a combination of fading
The International Monetary Fund and the Bank of England have become the latest major financial institutions to warn that the global stock market is at risk of a significant correction should investor enthusiasm for artificial intelligence cool. Speaking ahead of the IMF's annual meetings, chief Kris
