Bank of England Press Releases - EIN Presswire - Press Release Distribution Service

Published on July 18, 2025 - 18:43 GMT

Draft statement of policy: The Bank of England's approach to comparable compliance permissions

1: Introduction 1.1. This Statement of Policy (SoP) sets out the Bank of England’s (‘the Bank’) approach to giving a regulatory permission to recognised non-UK central counterparties (CCPs) on the basis of comparable compliance (a ‘comparable compliance …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

The Bank of England’s supervisory approach to onboarding new financial market infrastructure firms

Introduction This publication sets out the Bank of England’s (the Bank) supervisory approach as it applies to new financial market infrastructures (FMIs) that fall within its regulatory remit. This publication is intended to enhance transparency and …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

The Bank of England’s approach to rule permissions and waivers

1: Overview 1. This Bank of England (the Bank) statement of policy (SoP) sets out the Bank’s approach to the giving of rule permissions under section 138BA of the Financial Services and Markets Act 2000 (FSMA)footnote [9] (the ‘permissions power’). It …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

Fundamental Rules for Financial Market Infrastructures: policy statement

Overview This Bank of England (the Bank) policy statement (PS) provides feedback to responses the Bank received to the consultation paper (CP) on Fundamental Rules for Financial Market Infrastructures (FMIs).footnote [1] It also contains the Bank’s final …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

Fundamental Rules for Financial Market Infrastructures: supervisory statement

The Bank of England (the Bank) has published its Fundamental Rules for Financial Market Infrastructures (FMIs). FMIs play a critical role in managing risk and allowing payments to be made safely. These rules set out the outcomes that the Bank expects from …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

Draft statement of policy: The Bank of England’s approach to supervisory processes (model changes, recognition orders and ...

1: Introduction 1.1 This statement of policy (SoP) sets out the Bank of England’s (Bank’s) approach to: changes to models and parameters, including notifications of such changes and permissions to make changes classed as ‘material’, as set out in chapter …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

Ensuring the resilience of CCPs

The Bank of England (the Bank) is consulting on key elements of the UK’s future regulatory framework for Central Counterparties (CCPs). The key elements of the UK regulatory framework for CCPs are set out in primary legislation – the UK European Market …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 18:43 GMT

Draft statement of policy: The Bank of England's approach to tiering non-UK central counterparties

1: Introduction 1.1. This Statement of Policy (SoP) is relevant to non-UK central counterparties (CCPs) that are seeking recognition by the Bank of England (the Bank) to provide clearing services in the UK,footnote [1] and relevant home authorities. In …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2025 - 00:42 GMT

Marjorie Ngwenya reappointed to the Prudential Regulation Committee

The Economic Secretary to the Treasury has today confirmed the reappointment of Marjorie Ngwenya as an External Member of the Prudential Regulation Committee (PRC). Marjorie will serve a further three-year term, from 5 September 2025 to 4 September 2028 …

Distribution channels: Banking, Finance & Investment Industry

Published on July 17, 2025 - 04:54 GMT

Design Note – Interoperability models for UK based payments

This design note sets out the Bank of England’s emerging thinking on interoperability models for a digital pound, where both payer and payee are based in the UK. It does not consider cross-border interoperability models, which is a separate topic. It …

Distribution channels: Banking, Finance & Investment Industry

Published on July 17, 2025 - 04:54 GMT

Design note - Product strategy

This design note outlines the Bank’s emerging thinking on the product strategy for a potential digital pound. It forms part of the design phase and contributes to the development of a blueprint that will inform a future decision on whether to proceed with …

Distribution channels: Banking, Finance & Investment Industry

Published on July 17, 2025 - 04:48 GMT

Getting liquidity where it is needed − speech by Nathanaël Benjamin

Good afternoon, thank you for the opportunity to speak today. Last week we published our latest Financial Stability Report, which provides the FPC’s view on the outlook for the UK financial system, in terms of the current conjuncture as well as several …

Distribution channels: Banking, Finance & Investment Industry

Published on July 16, 2025 - 10:23 GMT

The future of the multilateral economic system, and some news on the UK payments infrastructure - speech by Andrew Bailey

Lord Mayor, thank you for inviting us back for a second time in your mayoralty. I am going to use my time to tackle two subjects. I’m probably breaking a rule of good speech making because the connection between the two is slender – I’m not going to overdo …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:55 GMT

Statement of policy: The Bank of England’s approach to setting a minimum requirement for own funds and eligible liabilities (MREL)

This document contains the Bank of England’s policy for exercising its power to direct relevant persons to maintain a minimum requirement for own funds and eligible liabilities (MREL) under section 3A(4) and (4B) of the Banking Act 2009. 1: Background and …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:55 GMT

Maintaining a fit for purpose resolution regime

1: Introduction The Bank of England (the Bank), in its capacity as the UK’s resolution authority, is responsible for managing the failure of banks and building societies (together ‘firms’) – a process known as ‘resolution’. The resolution process is …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:39 GMT

Bank of England announces measures to promote banking resilience, capital certainty, competition and growth

The Bank of England (‘the Bank’) has announced a package of measures designed to maintain stability in the financial sector while offering new growth opportunities for mid-sized banks and building societies. The Prudential Regulation Authority (the PRA) …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:39 GMT

Payments Vision Delivery Committee Update

Introduction The National Payments Vision set out the government’s ambitions for a world-leading payments ecosystem which drives innovation, supports competition and ensures security, in line with the Growth Mission. It established the Payments Vision …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:39 GMT

FCA and PRA cut senior manager regime red tape to help boost growth

In the first phase of reforms to the Senior Manager Certification Regime (SM&CR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are proposing to streamline the regime to make it more effective and efficient and to …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:39 GMT

Minutes of the London FXJSC Operations Sub-committee Meeting – 26 February 2025

Time: 1pm – 3pm | Location: Bank of England Moorgate building, London, 20 Moorgate, EC2R 6DA Minutes Item 1 – Welcome and Apologies James Kaye (Chair, HSBC) welcomed observers Loic Moreau (LSEG) and Jason Furmedge (BNY). The Chair also welcomed guest …

Distribution channels: Banking, Finance & Investment Industry

Published on July 15, 2025 - 13:38 GMT

Minutes of the London FXJSC Legal Sub-committee Meeting – 5 March 2025

Time: 3pm – 4.30pm | Location: Bank of England, Threadneedle St, London, EC2R 8AH Minutes Minute 1: Welcome and apologies James Brennan, acting as Chair in Sharon Blackman’s absence, opened the meeting, welcoming those online and in person. Minute 2: …

Distribution channels: Banking, Finance & Investment Industry