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

Published on July 26, 2024 - 16:06 GMT

Sebastian Walsh appointed as Head of Leeds at the Bank of England

The Governor of the Bank of England, Andrew Bailey, has today announced that Sebastian Walsh is to become the newly appointed Head of Leeds. In this role, he will help deliver the Bank’s ambitious plans for a more significant presence in the city, by being …

Distribution channels: Banking, Finance & Investment Industry

Published on July 24, 2024 - 20:11 GMT

Contingent NBFI Repo Facility (CNRF) – Explanatory Note 24 July 2024

Introduction In September 2023, the Bank of England (the Bank) set out that work had begun to develop a new lending facility to address severe market dysfunction that threatens UK financial stability arising from shocks that temporarily increase non-bank …

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Published on July 24, 2024 - 20:11 GMT

Contingent NBFI Repo Facility (CNRF) – provisional Market Notice 24 July 2024

Provisional design and parameters of CNRF This provisional Market Notice should be read alongside the Explanatory Note setting out the Bank of England’s (the Bank’s) motivation for, and approach to, expanding its financial stability toolkit through the …

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Published on July 19, 2024 - 17:03 GMT

Appointment of members of the Enforcement Decision Making Committee

Following an external recruitment process and consultation, the Bank of England (Bank) has appointed three new members to its Enforcement Decision Making Committee (EDMC) taking the total to nine. The EDMC is the Bank’s decision-making body for contested …

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Published on July 19, 2024 - 17:03 GMT

Minutes of the Meeting of the Court of Directors held on 22 May 2024

Minutes of the Meeting of the Court of Directors held on 22 May 2024 Present: David Roberts, Chair Andrew Bailey, Governor Sarah Breeden, Deputy Governor – Financial Stability Ben Broadbent, Deputy Governor - Monetary Policy Sir Dave Ramsden, Deputy …

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Published on July 18, 2024 - 20:07 GMT

The Bank of England’s power to direct a central counterparty to address impediments to resolvability

The Bank of England’s power to direct a CCP to address impediments to resolvability Statement of Policy This Statement of Policy is issued by the Bank of England (the Bank), as the UK resolution authority for central counterparties (CCPs), under paragraph …

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Published on July 18, 2024 - 20:07 GMT

The Bank of England’s approach to determining commercially reasonable payments for contracts subject to a statutory tear up in CCP ...

Privacy statement By responding to this consultation paper, you provide personal data to the Bank of England. This may include your name, contact details (including, if provided, details of the organisation you work for), and opinions or details offered in …

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Published on July 18, 2024 - 20:06 GMT

CHAPS payments issue

A global payments issue is affecting the Bank's CHAPS service and delaying some high value and time-sensitive payments, including some house purchases. We are mindful of the impact this is likely to have and are working closely with a third party …

Distribution channels: Banking, Finance & Investment Industry

Published on July 18, 2024 - 12:15 GMT

Late call − speech by Nathanaël Benjamin

Good morning, all. I am delighted to be here today to discuss a very important topic: collateral management. But first allow me to take a step back to set out the broader context. Since the global financial crisis, we have seen a large shift in direct risk …

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Published on July 17, 2024 - 14:47 GMT

Minutes of Money Market Committee meeting – June 2024

Minutes Item 1 – Welcome The Chair thanked members for attending and confirmed that the Minutes of the April 2024 meeting had been published on the Bank’s website.footnote [1] The Chair welcomed those who were attending as part of the Bank’s Meeting Varied …

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Published on July 12, 2024 - 15:38 GMT

About a rate of (general) interest: how monetary policy transmits

By Natalie Burr and Tim Willems.3: The channels of monetary policy transmission Armed with an understanding of how monetary policy can affect the level of real activity in the presence of nominal rigidities, this section discusses the MTM in a ‘bottom-up’ …

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Published on July 11, 2024 - 10:59 GMT

Bank Liabilities Survey - 2024 Q2

This annex provides further details of the questions referred to in the main text. Terminology and general definitions The following terms are used within the report: Cost – the cost to the issuing bank of raising money via the specified form of funding. …

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Published on July 11, 2024 - 10:59 GMT

Credit Conditions Survey - 2024 Q2

To calculate aggregate results, each lender is assigned a score based on their response. Lenders who report that credit conditions have changed ‘a lot’ are assigned twice the score of those who report that conditions have changed ‘a little’. These scores …

Distribution channels: Banking, Finance & Investment Industry

Published on July 10, 2024 - 21:58 GMT

Empower executive role model − speech by Afua Kyei

Introduction The reason I wanted to speak today is because I believe Diversity, Equity and Inclusion (DEI) are absolutely vital. We need to work out how to bring out the best in each other, so that we can keep moving society forward. I have been the Chief …

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Published on July 10, 2024 - 14:18 GMT

Transformation and conjuncture − remarks by Huw Pill

Thanks very much to our hosts at Asia House today. It is a great pleasure to be here and have the opportunity to discuss the outlook for UK monetary policy with such a distinguished group. Transformation The monetary policy function at the Bank of England …

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Published on July 10, 2024 - 14:12 GMT

Your voice 2024: insights from the Bank of England’s outreach programmes

The Bank’s outreach programme is designed to enable members of the public to share their experience of the economy. It also allows them to ask questions about the Bank’s policies and decisions, therefore holding the Bank to account. This report provides a …

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Published on July 10, 2024 - 14:11 GMT

The Bank of England’s fees regime for UK financial market infrastructures

Consolidated and updated version replacing all previous fees policy statements. Fee-levying regime This policy statement (PS) is issued by the Bank in respect of UK central counterparties (CCPs), UK central securities depositories (CSDs), recognised …

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Published on July 9, 2024 - 17:08 GMT

A multi-tool for cross-border payments: the power of Legal Entity Identifiers − speech by Victoria Cleland

I would like thank colleagues from the Financial Stability Board (FSB), the Global LEI Foundation (GLEIF), and the Regulatory Oversight Committee (ROC) for arranging this conference and providing an opportunity to delve more into the wide-ranging benefits …

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Published on July 9, 2024 - 17:08 GMT

Solvency UK – time to build − speech by Gareth Truran

Introduction Thank you to Insurance Asset Risk for hosting this webinar today. This is my first speech since taking over in May as Executive Director for Insurance Supervision at the PRA. I’ll be talking today about where we are with the reforms to …

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Published on July 9, 2024 - 17:07 GMT

Minutes of the London FXJSC Operations Sub-committee Meeting – 28 February 2024

Minutes Minute 1 – Welcome and Apologies James Kaye (Chair, HSBC) introduced Gemma Webb Spooner (Bank of England), Louise Lee (Bank of England), Rachel Harding (Bank of England), and Rachel Stevens (Bank of England) as presenters. The Chair further noted …

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