Bank of England

307 results about this entity

Period: 02 Nov 2005 - 15 Sep 2025

/payments

BofE launches cash vs cashless challenge

As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all.

UK watchdogs propose regulatory framework for cryptoassets

UK financial watchdogs have outlined proposals to adopt a range of measures to bring cryptoassets into the regulatory fold.

BofE launches student fintech challenge

The Bank of England is dangling the prospect of a paid internship as the prize for a student competition asking for ideas on how financial technology can be used to improve people's lives.

TSB and HSBC latest to be hit by IT problems

The creaking IT infrastructure of the UK's major banks is in the spotlight once again as TSB's online banking services and HSBC's mobile apps crumble in the latest of a string of glitches across the sector.

Abolition of 1p and 2p coins would mean small change for UK shoppers

Bank of England economists believe that removal of 1p and 2p coins from circulation would have a limited impact on pricing at the checkout, re-igniting a debate over the future of small value copper change.

BoE exec warns of AI job threat

The chief economist of the Bank of England (BoE) has warned that the rise of artificial intelligence could leave large groups of people "technologically unemployed" unless there was a skills revolution.

BofE wants third parties to join 'atomic settlement' debate

The Bank of England has issued a call for interest to third party technology providers and financial institutions in order to explore mechanisms for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.

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.