Bank of England adds another £100bn to combat COVID-19 economic crisis
Sterling sank against the dollar and euro on Thursday, falling more than 1% following the announcement.
BoE
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
BoE’s Carney says finance is too slow on tackling climate change issues
Carney is due to become the United Nations’ special envoy for climate change.
ISO 20022 not snowed under by icy responses
Bank of England says responses to messaging standard were “largely supportive”.
Bank of England tests financial sector’s cyber strength
Readying for resilience in a risky world.
Bank of England preps UK fintech for next decade
Its “Vision 2030” looks at the future of finance across the nation.
UK needs skills revolution in response to AI
Bank of England chief economist warns against job displacements.
UK regulators want banks to offer resilience brilliance
BoE, PRA and FCA call for feedback from firms and financial market infrastructures.
Bank of England warns of cybersecurity risks to UK stability
Domestics risks, other than Brexit, remain low.
Bank of England’s digital currency pushes ahead
The central bank digital currency (CBDC) begins to take shape.
TransferWise joins UK’s Faster Payments system
First non-bank payment service provider to directly access system.
Bank of England angles in on fintech hub scene
News revealed at yet another fintech conference in London.
Bank of England chief claims cryptocurrencies kind of cool
He’s changed his tune.
Bank of England guv’nor gives cryptocurrencies grief
BoE-ring! Carney joins critical-of-cryptocurrencies crowd.
Bank of England recovers from IT issues
Resolves technology communications problems following a regular internal IT update.
Bank of England launches youthful cybersecurity challenge
The Bank of England (BoE) has unleashed a cybersecurity challenge for the young at heart as it seeks to maintain monetary and financial stability. It cites recent cyberattacks on high-profile systems and organisations such as the Bank of Bangladesh as something to be wary of. To that end, it’s calling for people to: “Think big. […]
UK to get New Payment Systems Operator by year’s end
The Payment Systems Regulator (PSR) and Bank of England (BoE) have revealed that the UK will be getting the New Payment Systems Operator (NPSO) by the end of 2017. The duo says that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver what was asked and so with the NPSO […]
Bank of England opens up RTGS service to fintech competition
The Bank of England (BoE) is opening up access to settlement accounts in its real-time gross settlement (RTGS) system with the goal to promote fintech innovation and competition. The bank says it’s extending access to non-bank payment service providers (PSPs), offering direct access to the UK’s sterling payment systems. The UK’s Financial Conduct Authority (FCA), […]
Bank of England fintech accelerator goes into third gear
The Bank of England’s (BoE) fintech accelerator has kept good speed and completed the third round of various proofs of concept (PoCs). As reported last year, BoE launched its own accelerator to harness innovation for central banking. The latest PoCs covered four areas of the bank’s work: analysing large-scale supervisory data sets; executing high-value payments […]
Top fintech stories this week – 12 May 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Bank of England implicated in Libor rigging by secret recording
A secret recording that implicates the Bank of England (BoE) in Libor rigging has been uncovered by the current affairs programme, BBC Panorama. Libor (London Interbank Offered Rate) is used by banks to set prices of financial products. Last year, several ex-Barclays workers were found guilty of manipulating the Libor interest rate between 2005 and […]
Bank of England to overhaul RTGS service, issues consultation paper
The Bank of England (BoE) has published a consultation paper on the next generation real-time gross settlement (RTGS) service. On the way out is the bank’s legacy 20-year old platform. The BoE is calling on the payments industry specialists to get in touch.
FirstRand Bank live on new reg reporting solution in London
The London-based subsidiary of South Africa’s banking group, FirstRand Bank, is live with a new regulatory reporting solution. The software is supplied by specialist vendor AxiomSL and supports the bank’s production and submission of statistical reports required by the Bank of England (BOE). AxiomSL has been providing its BOE reporting solution to financial institutions in […]
Bank of England jumps on the fintech accelerator bandwagon
The Bank of England (BoE) will launch its own fintech accelerator to harness innovation for central banking. Fintech firms will be invited to carry out a proof of concept with the BoE. The bank will then act as a reference site for these companies. The BoE says it “will offer firms the chance to demonstrate […]
