Bank of England - News, Articles & Research

NextGen: AI: Finding the right strategies to overcome AI limitations

The first afternoon panel discussed three of the major discussion points when it comes to AI: data, culture, and skills.

26 November 2024

News/ai

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

22 November 2024

News/ai

AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

22 November 2024

News/markets

UK must 'rebuild relations' with EU says Bank of England head

Bank of England’s governor, Andrew Bailey stated that the UK must “rebuild relations” with the EU while respecting the decision of the British people to leave in his Mansion House speech to investors.

15 November 2024

News/payments

Bank of England presses on with retail CBDC to plug bank innovation gap

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

28 October 2024

Company announcement/crypto

Speech: BofE's Sasha Mills on innovation in digital assets in the financial system

In her speech, Sasha Mills talks about how recent innovations in digital assets and payments pose both opportunities and risks to the Bank in meeting its monetary and financial stability objectives. Sasha highlights the Bank’s recent work on innovation, including our Discussion Paper on our approach to innovation in money and payments, the launch of our Digital Securities Sandbox, and experiments on wholesale payments.

02 October 2024

Company announcement/regulation

UK FS sector carries out infrastructure failure simulation exercise

The Bank of England, in partnership with UK Finance, the financial sector and the other UK financial authorities (HM Treasury and the Financial Conduct Authority), has undertaken its latest UK market wide simulation exercise, SIMEX 24.

02 October 2024

News/regulation

FCA and BoE open digital securities sandbox

The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

30 September 2024

News/ai

Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

26 September 2024

News/ai

NextGen: AI – A sneak peek of speakers and attendees

Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.

24 September 2024

News/payments

Bank of England to develop analytics data platform for ISO 20022

The Bank of England is working with the BIS Innovation Hub London centre on a project that will explore how technology can enhance the analytical use of ISO 20022 data to shed light on economic conditions, system liquidity and compliance

20 August 2024

News/regulation

BofE and BIS develop tech to monitor stablecoin reserves

The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their reserve assets.

01 August 2024