Topic: Bank of England

BoE clarifies settlement finality requirements for FMIs

The Bank of England has set out its approach to monitoring third-country systems designated under the UK’s Settlement Finality Regulations.

17 September 2021

UK-based foreign banks face new information rules

The Prudential Regulation Authority has made changes to proposed regulations for international banks operating in the UK after consultation feedback urged against burdensome information requirements.

28 July 2021

From cliff-edge to glide path: BoE MREL proposals smooth way for challenger banks

The Bank of England has proposed to ease growing lenders into the process of raising “bail-in” capital by introducing a “stepped glide path” for their MREL obligations.

26 July 2021

PRA removes dividend limits

The UK’s Prudential Regulation Authority has removed the “extraordinary guardrails” it imposed on dividend distribution during the pandemic, but has warned banks to exercise an “appropriate degree of caution”.

14 July 2021

CCPs’ own stress tests insufficient, BoE says in supervisory proposals

The Bank of England will begin stress-testing central counterparties this year, in what it calls a bid to increase transparency and public confidence.

23 June 2021

Basel urges strict “cliff edge” two-tier cryptoasset regulation

Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.

14 June 2021

Stablecoins must be regulated like banks, Bank of England says

Stablecoins must be heavily regulated – including potentially authorised as banks – the Bank of England has recommended, as it continues to explore potential for central bank digital currencies.

09 June 2021

“Britcoin?” UK unveils CBDC taskforce

The United Kingdom has moved a step closer to developing a digital version of its currency.

19 April 2021

UK banks given operational resilience deadline

The UK’s financial regulators have announced new operational resilience measures, giving banks one year to implement their plans.

01 April 2021

UK announces climate stress test and mandatory TCFD roadmap

The Bank of England has confirmed that its inaugural climate stress tes will take place next year, as the UK’s chancellor announces a roadmap to will make climate disclosure mandatory for banks by the end of next year.

10 November 2020

Get unlimited access to all Global Banking Regulation Review content