Bank of England

277 results about this entity

Period: 02 Nov 2005 - 20 Aug 2024

/people

Bank of England recruits academics to advise on digital pound design

The Bank of England is on a recruitment drive for UK researchers and academics to join a newly-created CBDC Academic Advisory Group (AAG).

/regulation

BoE and FCA release data collection transformation update

The Bank of England (BoE) and Financial Conduct Authority (FCA) have met their phase one commitments in ongoing delivery of the Transforming Data Collection (TDC) joint transformation programme.

/crypto

BofE taps Nuggets for digital pound privacy layer

The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

/payments

UK Finance baulks at proposed £20,000 upper limit for future Britcoin

UK Finance, the collective voice for the UK banking and finance industry, has clashed with the bank of England on the proposed £10,000 to £20,000 ceiling on individual holdings in a future central bank digital currency, arguing that such a limit could result in a run on bank deposits.

/payments

UK’s CHAPS system migrates to ISO 20022

The UK’s high-value payments system, CHAPS, has migrated to the ISO 20022 financial messaging standard.

/crypto

BIS and Bank of England complete CBDC project

A pilot project involving central bank digital currencies (CBDCs) jointly run by the Bank of England (BoE) and the Bank of International Settlements (BIS).

/payments

Bank of England finds new use cases for DLT in synchronised setttlement

The Bank of England and the Bank for International Settlements have successfully completed a DLT-based pilot to assess the use of synchronous settlement in central bank money.

/people

Bank of England begins building Britcoin team

The Bank of England has opened recruitment for staff to oversee the development of its proposed central bank digital currency.

/regulation

PRA censures Wyelands Bank for breaching large exposure limits

The Prudential Regulation Authority (PRA) has censured Wyelands Bank Plc (Wyelands) for wide-ranging significant regulatory failings between 21 December 2016 and 28 May 2020, which spanned breaches relating to large exposure limits, capital reporting, governance and risk controls and PRA Own Initiative Requirements (OIREQs) and poor retention of WhatsApp messages.

/payments

UK regulators conduct 2022 review of supervisory responsibility for payment systems

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK.

/cloud

Financial Cloud Summit 2023: Exponential change is coming

Kicking off Finextra’s inaugural Financial Cloud Summit, former Dragon’s Den dragon Piers Linney, entrepreneur and investor, founder and CEO of Moblox, set the scene for the day, focusing on cloud strategy, migration and optimisation.

/payments

Bank of England says digital pound "more likely than not"

Bank of England deputy governor Jon Cunlifffe has told a committee of MPs that a digital pound has a better than 50/50 chance of coming to fruition.