Minutes Date: 28 November 2024 Item 1: Welcome and introduction The Chairs welcomed members to this meeting of the Engagement Forum. Clare Roberts (HM Treasury) noted changes to chairing, with Clare and Tom Mutton (Bank of England) taking over as co-chairs …
Overview The Bank of England’s financial stability objective is to protect and enhance the stability of the financial system of the United Kingdom. The Systemic Risk Survey contributes to this objective by quantifying and tracking, on a biannual basis, …
Executive summary The development and deployment of artificial intelligence (AI)footnote [1] is likely to have a transformative impact across many sectors of the UK economy. AI has the potential to save workers time on a wide range of tasks, thus …
Headline judgements and policy actions The global risk environment has deteriorated, and uncertainty has intensified. A range of risky asset prices, led by those denominated in US dollars, have declined sharply. The probability of adverse events, and the …
1: Executive summary Expanding RTGS access can deliver financial stability benefits while enabling greater competition and innovation in payments. Access to central bank money – the safest form of money – eliminates settlement and counterparty risk, …
News release The proposals for a Matching Adjustment Investment Accelerator (MAIA) look to reduce barriers to rapid investment by insurance firms. They would allow firms to benefit from immediate recognition of the Matching Adjustment benefit ahead of …
Minutes 1: Welcome / introductions The Chair welcomed the Group and those present as part of the observers programme. 2: Diversity, Equity & Inclusion DE&I remains a priority for the meeting, ensuring that the initiatives which are in place receive …
The March DMP survey was conducted between 7 and 21 March and received 2,264 responses. Firms reported that their output prices rose by an average annual rate of 3.6% in the three months to March, 0.1 percentage points lower than the three months to …
News release The Prudential Regulation Authority (PRA) has fined Mr George Jay Hambro, a former notified non-executive director (Notified NED) of Wyelands Bank Plc (Wyelands), £72,000 for breaching PRA Individual Conduct Rule 2 in relation to three matters …
The Prudential Regulation Authority (PRA) has today proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000. The deposit protection limit – which represents the maximum amount of money …
1: Overview 1. The other systemically important institutions (O-SII) buffer is the UK’s capital buffer for certain domestic systemically important firms. The Financial Policy Committee (‘the FPC’ or ‘the Committee’) must have a framework for the O-SII …
Introduction Over the last quarter of a century, the payments landscape has changed significantly, playing a crucial role in enabling commerce, supporting financial inclusion, and driving economic growth. To meet society's evolving needs, it is …
Thank you for inviting me to speak today. It’s always a pleasure to be back in my home town, and particularly here at Leicester University, not least because I went to school next door. I am going to speak today about a topical subject – economic growth …
2: Key features of the test The Bank is carrying out a Bank Capital Stress Test in 2025. The Bank published its updated approach to stress testing the UK banking system in 2024.footnote [1] In line with this updated approach, the Bank expects to undertake …
A1: Overview A1.1: Introduction This annex describes the approach that banks are expected to take in the execution of the 2025 stress test with respect to fair valued positions in both trading book and banking book as defined in Section A1.2.footnote [10] …
News release The Bank of England (the Bank) has today launched the 2025 Bank Capital Stress Test for the seven largest and most systemic UK banks and building societies. The exercise is the successor to the Annual Cyclical Scenario (ACS). The test involves …
Overview This survey forms part of the Bank’s quantitative market intelligence gathering. It is formulated by Bank of England staff, and enhances policymakers’ understanding of market expectations. The questions involve topics that are widely discussed in …
Date of meeting: 26 November 2024 Time: 3pm – 4.30pm | Location: Bank of England, Threadneedle St, London, EC2R 8AH Minutes Minute 1: Introduction The Chair (Sharon Blackman) opened the meeting, welcoming those online and in person. Minute 2: Minutes The …
Time: 1pm – 3pm | Location: Bank of England Moorgate building, London, 20 Moorgate, EC2R 6DAMinutes Item 1 – Welcome and Apologies James Kaye (Chair, HSBC) welcomed new members James Hull (MillTech FX), Nimit Jobanputra (Deutsche Bank) and Gary Cunningham …
Minutes Item 1 – Welcome Vicky Saporta (Chair, Bank of England) welcomed Lionel Oster (UBS Asset Management), Murat Ulgen (HSBC), and Andrew Harvey (Global Foreign Exchange Division of the Global Financial Markets Association) as guest presenters. Ms …
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