Topic: Bank of England

The Bank of England’s deputy governor for financial stability Jon Cunliffe has spoken out about how the collapse of crypto exchange FTX will impact the UK’s plans for crypto regulation – while giving details on the central bank’s plans for a systemic payment systems regulatory regime and a digital pound.

22 November 2022

Undermining the operational independence of financial regulators could have adverse implications for “international standing” and “competitiveness”, warned Victoria Saporta, the UK’s Prudential Regulation Authority’s executive director of prudential policy, in an appearance before MPs as they consider the Financial Services and Markets Bill.

24 October 2022

The British government is reportedly looking to abolish limits on bankers’ bonuses, in what practitioners tell GBRR would be a “high-profile” departure from EU regulatory standards.

21 September 2022

The UK’s Prudential Regulation Authority has said it will take on “wider rulemaking responsibilities” and take advantage of post-Brexit freedoms, amid political shifts over the proper mandate for regulators in the UK.

08 September 2022

The UK government has published a “landmark” bill that would cement EU divergence, take control over cryptocurrencies and leave room for government to siphon power away from its regulators – all at once.

20 July 2022

Systemically important stablecoins must observe “all relevant principles” of a universal set of rules that apply to financial market infrastructures, according to a joint report from two global standard-setters, as international regulators respond to the ongoing instability in the crypto market.

13 July 2022

The UK government has proposed expanding its financial regulators’ powers over third party providers including cloud-based data centres.

15 June 2022

The Bank of England has found “shortcomings” in three major UK banks’ resolution plans, despite finding those same banks are no longer “too big to fail”.

13 June 2022

The UK’s financial regulators have announced plans to improve the resilience of money market funds by requiring them to hold more liquid assets and limiting dealing frequency.

25 May 2022

The Bank of England has called for an expansion of its regulatory framework to “mitigate certain risks” from cryptoassets and decentralised finance.

29 March 2022