Bank of England

286 results about this entity

Period: 02 Nov 2005 - 22 Nov 2024

BofE exec calls for regulators to tear up the rule books

A senior Bank of England executive has called for a rethink of the Basel Capital Accord, suggesting instead that regulatory bodies rip up the rule-books and adopt a simpler judgement-based supervisory approach.

Buy bicycles! BofE's low-tech disaster recovery plan mocked

As disaster recovery plans go, it's certainly novel: The Bank of England allegedly contemplated buying up to half-a-dozen bicycles so that its officials could navigate around a riot-gripped City in the event of a full-scale financial meltdown.

With LEI's in train, banks could soon go the way of record labels says senior BofE exec

The introduction of a common global language for financial counterparties and products could ultimately lower barriers to market entry and make some bank functions surplus to requirements, a senior Bank of England policy maker says.

BofE's Tucker calls for CCP reform

Paul Tucker, deputy governor of the Bank of England, says effective resolution regimes need to be put in place to help deal with the "mayhem" that would result if a central counterparty went bust.

ECB sets T2S framework agreement deadline; UK looks to opt out

The European Central Bank has set an October deadline for its final offer to central security depositories (CSDs) on a framework agreement for the Target2Securities (T2S) system. However, the UK now seems certain to turn its back on the project.

Swift plans business continuity service for RTGS systems

Financial messaging network Swift has outlined plans to build a business continuity service that will keep Real Time Gross Settlement (RTGS) systems operating in the event of a major outage.

Top Bank official calls for speed limits on high frequency trading

Securities markets should consider the introduction of speed limits on high frequency trading to prevent the risk of market abnormalities disrupting prices, a top Bank of England official says.

BofE to force more second-tier banks to take up Chaps membership

The Bank of England is urging second-tier banks to take up direct membership of the Chaps high value payment system in an effort to bolster financial stability, warning that it may take action if its requests are spurned.

ATM operators increase number of fiver-dispensing machines

The Bank of England has signed up the country's 10 largest ATM operators to a commitment to increase the number of good quality £5 notes they dispense through their machines.

UK government to study economic impact of High Frequency Trading

The UK government is supporting a new study into the impact of high frequency trading on market stability and the UK economy.

Fiver-only ATM network launched

A network of free-to-use ATMs that only dispense £5 notes has been launched in the UK by operator Bank Machine.

From facebook friends to Al'Qaeda: lessons from the banking crisis

From facebook friends to Al'Qaeda terrorist cells, the Bank of England's cerebral executive director for financial stability Andrew Haldane draws on a rich variety of source material to argue that banks with assets over $100 billion may be just too complex to manage.