Bank of England

276 results about this entity

Period: 02 Nov 2005 - 01 Aug 2024

BofE confirms revamped RTGS will be able to interface with distributed ledgers

The Bank of England has confirmed that the rebuild of its real-time gross settlement (RTGS) platform will be able to interface with systems running distributed ledgers following proof-of-concept trials with four fintech firms.

UK regulators turn the heat up on bank IT failures

UK regulators have given British financial firms a three-month deadline to demonstrate their operational resilience in the event of a cyber attack or IT breakdown.

Bank of England to run cyber stress tests

The Bank of England is to test banks' resilience to resist and recover from a cyber attack on their payments systems.

BofE pushes for minimum service level from banks hit by IT failures

In the wake of the recent TSB outage, the Bank of England is planning to set a "minimum level of service" provision for banks hit by tech meltdowns or cyberattacks.

BofE leads consultation on UK's switch to ISO 20022

The UK's switch to ISO 20022 is closing in, with the Bank of England leading a six week consultation on adoption of the global payments messaging standard.

UK Cryptoassets Taskforce meets for the first time

The first meeting of the UK’s new Cryptoassets Taskforce took place today. The Taskforce agreed its objectives, which include exploring the impact of cryptoassets, the potential benefits and challenges of the application of distributed ledger technology in financial services, and assessing what, if any, regulation is required in response.

Bank of England implements Sonia reforms

The Bank has today implemented its reforms to the SONIA interest rate benchmark.

TransferWise becomes first non-bank to open settlement account with BofE RTGS

Money transfer upstart TransferWise is finally rubbing shoulders with the Establishment, becoming the first non-bank direct member of the UK's Faster Payment scheme under a new settlement account policy directive initiated by the Bank of England.

BofE explores private DLT system with regulatory oversight

The Bank of England has been looking into how distributed ledgers can be configured to enable privacy amongst participants whilst keeping data shared across a network and enabling regulators to view all transactions.

NTT Data completes Bank of England PoC trial

NTT DATA, a recognised leader in global technology services, is today announcing the successful completion on a Proof of Concept (PoC) trial for data analysis in conjunction with Reportix, a company that specialises in flexible data management, for the Bank of England (BoE) Fintech Accelerator Programme.

Bank of England sets up Fintech Hub; works with firms on DLT interface to RGTS

The Bank of England is establishing a new Fintech Hub as a central point of contact for engagement with startups and to drive new technological developments within the Bank.

Bank of England's Carney steps up attack on cryptocurrencies

Bank of England governor Mark Carney has called for the regulation of cryptocurrencies to protect the public and financial markets from a market that shows classic bubble tendencies.