Posts Tagged ‘Bank Of England’

Bank of England Action Against Lloyds and Bank of Scotland

Monday, July 28th, 2014

Bank of England statement on FCA enforcement action against Lloyds Bank PLC and Bank of Scotland PLC in relation to manipulation of submissions to the BBA GBP Repo Rate (more…)

Prudential Regulation Authority consults on implementing the Bank Recovery and Resolution Directive

Thursday, July 24th, 2014

The Prudential Regulation Authority (PRA) has today proposed changes to its rules to implement the EU Bank Recovery and Resolution Directive (BRRD). The BRRD provides a common set of tools and powers for dealing with failing banks and will take effect at the end of 2014. (more…)

Leverage ratio review consultation

Tuesday, July 22nd, 2014

On 11 July, the FPC published a consultation paper on the design of a leverage ratio framework for the UK, as part of the FPC’s review of the role of the leverage ratio within the capital framework for banks. (more…)

Bank of England Consultation Paper: The Financial Policy Committee’s review of the leverage ratio

Friday, July 11th, 2014

The Financial Policy Committee is today launching a consultation on the design of a leverage ratio framework for the UK. This forms part of the FPC’s review of the role of the leverage ratio within the capital framework for banks, as requested by the Chancellor of the Exchequer in November 2013. (more…)

Mark Carney: E for Exports?

Friday, July 4th, 2014

Mark Carney has received mixed results on his report card amidst the one-year anniversary of his stewardship of the Bank of England (BoE). Sentiments have largely been positive, with some concern over Carney’s communication of the iterations of BoE forward guidance plans presented in the last year. (more…)

The Bank of England Monetary and Financial Policy Committees: guiding the economy towards a sustainable and safe recovery

Thursday, July 3rd, 2014

In a speech today, Jon Cunliffe explains how the Financial Policy Committee and Monetary Policy Committee work together to meet the Bank’s new mission, which is “promoting the good of the people of the United Kingdom by maintaining monetary and financial stability”. (more…)

Changes to the Bank Return

Monday, June 30th, 2014

The Bank of England today announces that it will be replacing the Bank Return publication with a new Weekly Report.

The Bank Return provides a weekly snapshot of the Bank’s balance sheet, identifying key components such as (more…)

Bank of England Set to Impose High LTI Mortgage Limits

Thursday, June 26th, 2014

As fears increase that another housing bubble is being formed the Bank of England Prudential Regulation Authority (PRA) has put forward its proposals on limiting high loan to income (LTI) mortgages. (more…)

Spare Capacity and Inflation

Wednesday, June 18th, 2014

In a speech given to the Northern Ireland CBI in Belfast, Martin Weale outlined the factors he believes are most important for assessing inflationary pressure in the economy. He focussed on two areas of the economy where inflationary pressure can build and which MPC action can influence. (more…)

Announcement of Renminbi clearing bank in London

Wednesday, June 18th, 2014

The People’s Bank of China (PBoC) has confirmed the appointment of China Construction Bank as the Renminbi (RMB) clearing bank in London. (more…)

Bank of England accredits MWR InfoSecurity in new cyber security testing scheme

Wednesday, June 11th, 2014

Leading global information security firm MWR InfoSecurity has been announced as one of the seven accredited providers for the Bank of England’s new testing framework, CBEST. (more…)