Bank of England - News, Articles & Research

EBAday 2022: Racing toward net-zero

EBAday 2022 is fast-approaching, and as we edge closer to the conference’s kick off, we’re exploring some highlights across the agenda. A key stand-out is the event’s lunchtime session on day two, ‘Meeting the net-zero challenge: How can banks fulfil CSR expectations?’

27 May 2022

News/regulation

Bank of England sounds warning to banks over operational resilience

The Bank of England is expecting to have "challenging conversations" with banks about their operational resilience, a senior official has warned.

25 May 2022

News/sustainable

Bank face 15% drag on profits due to climate change

The Bank of England is warning banks to take immediate action on climate risks or face a 15% hit to annual profits.

24 May 2022

News/regulation

PRA to raise levy by £24 million to keep pace with financial innovation

The Bank of England is to increase the levy charged to financial firms by £24 million in order to hire 100 new staff and keep pace with innovation and emerging risks.

20 April 2022

Company announcement/people

Bank of England increases spending on data scientists

The Bank of England (BoE), the central bank for the United Kingdom, saw its data scientist payroll quadruple after Covid-19 hit, splashing on data staff to oversee data operations involving Covid loans.

07 April 2022

Company announcement/regulation

UK regulators proble LME nickel shutdown

On Tuesday 8 March 2022, the London Metal Exchange (the LME) suspended nickel trading, having concluded a disorderly market had arisen.

04 April 2022

News/regulation

Barclays addresses potential CBDC fragmentation in new paper

Barclays’ paper sets out a methodology for the mitigation of potential fragmentation risk presented by central bank digital currency (CBDC), through an architecture that places CBDC and commercial bank money on a similar footing.

01 April 2022

News/crypto

Bank of England joins MIT CBDC roster

The Bank of England has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.

28 March 2022

News/regulation

UK regulators publish slew of papers on cryptoasset regulation

The Financial Conduct Authority (FCA), Bank of England, and Prudential Regulation Authority (PRA) have released a raft of documents warning financial institutions of their responsibilities around cryptoassets and the direction of regulation in the space.

25 March 2022

News/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

18 February 2022

Company announcement/regulation

UK regulators review MoU on 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.

14 February 2022

News/crypto

Lords Committee pours cold water on UK CBDC

A Committee of peers in the House of Lords has concluded that there is no convincing case for the creation of a central bank digital currency in the UK.

13 January 2022