All bank of england articles

  • Shush
    Article

    PRA fines Citigroup for regulatory disclosure failure

    2019-11-26T20:43:00Z

    The Bank of England has hit Citigroup with a record £44 million (U.S. $56.5 million) fine after it found three of its U.K. units failed to submit complete and accurate regulatory information about the lender’s capital and liquidity levels.

  • /img/field/image/handshake
    Blog post

    U.K.-U.S. authorities reach post-Brexit derivatives trading deal

    2019-02-26T13:45:00Z

    The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Monday issued a joint statement finalizing a post-Brexit derivatives trading deal.

  • climatechange
    Blog post

    Bank of England urges firms to prepare for climate change risks

    2018-10-16T09:15:00Z

    The Bank of England (BoE) wants boards of financial services firms to take a stronger role in identifying and managing financial risks caused by climate change by making individual executives accountable and improving disclosure.

  • Article

    Bank of England: EU not doing enough to combat Brexit risks to financial services

    2018-06-29T11:45:00Z

    The Bank of England thinks the United Kingdom has made positive “progress” on handling the risks of disruption to financial services likely to be caused by Brexit, but adds there has been a lack of similar action from the European Union.

  • Blog post

    Bank of England: New approach to supervising global banks

    2018-01-02T10:45:00Z

    The Bank of England announced that it is consulting on an updated approach to authorising and supervising branches of global banks and insurers, prompting responses from HM Treasury and the U.K. Financial Conduct Authority.

  • Article

    Bank of England: Banks not prepared for Brexit

    2017-10-31T11:00:00Z

    European banks are under-prepared for Brexit and could lose access to the City of London if they do not move quickly to apply for a U.K. banking licence, a Bank of England committee has warned.

  • Blog post

    Bank of England: Risks posed by Brexit and LIBOR

    2017-10-03T10:30:00Z

    In a report published this week, the Bank of England warned that Brexit poses “significant risks” to U.K. financial services companies, while also declaring publicly for the first time that LIBOR poses a financial stability risk.

  • Blog post

    Samsung, DMX, and Pakistan's PM

    2017-07-14T11:00:00Z

    In case you missed it this week: Samsung heir Lee Jae Yong decided against testifying, DMX is relevant again, a MS Word font outed a forgery by Pakistan’s prime minister, and more.

  • Blog post

    Bank of England raises capital requirements for U.K. banks

    2017-06-27T10:00:00Z

    The U.K. Financial Policy Committee this week published its latest Financial Stability Report, which sets out its views on the U.K. financial system’s stability and an assessment of any risks to it.

  • Article

    Bank of England deputy governor resigns over conflicts of interest

    2017-03-21T14:30:00Z

    Charlotte Hogg had all of two weeks to enjoy her new position as deputy governor at the BoE before she had to resign for failing to disclose that her brother also worked there.

  • MagnifyingGlassOnMoney
    Blog post

    FRC announces investigations into KPMG and PwC

    2016-07-05T15:00:00Z

    The U.K. Financial Reporting Council, an independent investigative body that monitors and enforces accounting standards, is looking into audits made of financial services companies in the days preceding the global financial crisis of 2008-2009, starting with a delve into the work of two key accountancy firms—KPMG and PwC. Paul Hodgson ...

  • Blog post

    RBS and StanChart on BoE Stress Tests: Resiliency is key

    2015-12-02T11:00:00Z

    The Bank of England (BoE) recently released the results of its latest round of stress tests, which involved seven of the biggest U.K. lenders. While some of the banks emerged from the tests relatively unscathed, Royal Bank of Scotland and Standard Chartered fell below the minimum capital requirements needed to ...

  • Blog post

    BoE: More ‘Debate’ Around Tougher Capital Rules Needed

    2015-09-16T09:30:00Z

    Image: The Bank of England’s chief economist, Andy Haldane, is calling for debate around whether financial institutions should set aside more capital to help them weather any potential losses. “[Capital requirements] will be 10x higher than pre-crisis. Should they be higher still? Right question for tomorrow. We need that debate,” ...

  • Blog post

    Restructuring the Bank of England: More Transparency

    2015-07-22T10:30:00Z

    Image: In a recent consultation paper, Britain’s Finance Minister George Osborne unveiled his plans to restructure the Bank of England’s regulatory system. Among his initiatives, the National Audit Office will provide more transparency to the central bank, while the Prudential Regulation Authority will no longer operate as a subsidiary and ...

  • Blog post

    U.K. Watchdogs Issue New Rules on Clawbacks for Bankers

    2015-06-24T12:00:00Z

    The Financial Conduct Authority and the Bank of England have finished banker rules that could have bonuses clawed back even after a decade of being awarded, if the firm comes under regulatory scrutiny for “potential material failures,” the FCA said. Senior managers aren’t off the hook either: They face a ...