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

Published on November 13, 2023 - 16:05 GMT

Climate policy and monetary policy: interactions and implications - speech by Catherine L. Mann

The effects of climate change and climate mitigation policies have become an actively debated topic in macroeconomic and central bank circles over the last few years.footnote [1] Some central banks now have references to supporting government climate …

Distribution channels: Banking, Finance & Investment Industry

Published on November 8, 2023 - 09:30 GMT

Openness beats fragmentation - speech by Andrew Bailey

It’s a great pleasure to be in Dublin today, at the Financial System Conference, and at the Aviva Stadium – though the old-time rugby fan in me has to be reminded not to say Lansdowne Road. I am going to use my time today to talk about openness and the …

Distribution channels: Banking, Finance & Investment Industry

Published on November 7, 2023 - 14:00 GMT

Clearing in the 2020s: the Bank of England's approach to policy reform and international cooperation - speech by Sasha Mills

Good afternoon, it is a great pleasure to be here at the ISDA derivatives trading forum. Thank you to ISDA for hosting this event. We appreciate ISDA’s feedback – your input is always thoughtful and considered, thank you for that as well. I’m here to talk …

Distribution channels: Banking, Finance & Investment Industry

Published on November 3, 2023 - 14:00 GMT

Implications of current wage inflation − speech by Jonathan Haskel

Introduction It’s my pleasure to be here at the Bank of England Watchers’ Conference, and my thanks to the Qatar Centre for Global Banking & Finance and the Macro Money and Finance society for organising the event and inviting me to participate. Since …

Distribution channels: Banking, Finance & Investment Industry

Published on November 3, 2023 - 09:00 GMT

‘Less is more’ or ‘Less is a bore’? Re-calibrating the role of central bank reserves - speech by Andrew Hauser

Introduction Central banks today face many challenges – but three of the biggest are: First, how to judge where central bank balance sheets should settle in the medium term as monetary policy makers return inflation – which remains far too high – to target …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2023 - 11:45 GMT

ISO 20022: Reaping the benefits for the payments ecosystem − remarks by Victoria Cleland

I am delighted to be speaking at UK Finance’s Digital Innovation Summit, and to be announcing the winners of the UK Finance-NatWest Bank first ever ISO 20022 Ideathon. I have been impressed by the breadth, diversity, and creativity of the entries, ranging …

Distribution channels: Banking, Finance & Investment Industry

Published on October 26, 2023 - 16:45 GMT

Money and payments: a ‘black ships’ moment? - speech by Jon Cunliffe

It is difficult to overstate the importance of the announcement by Facebook in June 2019 that it intended to launch a multicurrency stablecoin, a new digital currency called Libra for general cross-border payment use. Indeed, one commentator has likened …

Distribution channels: Banking, Finance & Investment Industry

Published on October 18, 2023 - 14:00 GMT

Cyber risks and operational resilience: getting prepared − speech by Elisabeth Stheeman

Introduction I would like to start by saying thank you to the London School of Economics for having me here tonight and for hosting this event. It is a pleasure for me to speak at the LSE, in particular because I studied here after moving to the UK in my …

Distribution channels: Banking, Finance & Investment Industry

Published on October 16, 2023 - 14:30 GMT

Bank failures − speech by Sam Woods

Introduction It’s been an extremely eventful year for banking regulators in the UK and elsewhere. The failures of Silicon Valley Bank (SVB) and Credit Suisse (CS) have prompted renewed public debate about prudential regulation and supervision, and the …

Distribution channels: Banking, Finance & Investment Industry

Published on October 2, 2023 - 13:00 GMT

The feeling is Mutual − speech by Shoib Khan

Introductory remarks Good afternoon and thank you very much to Stuart and Andrew for the invitation to speak today. It’s a privilege to be at my first Association of Financial Mutuals (AFM) Conference and I’m excited to have the opportunity to meet with …

Distribution channels: Banking, Finance & Investment Industry

Published on September 28, 2023 - 09:30 GMT

A journey of 1000 miles begins with a single step: filling gaps in the central bank liquidity toolkit - speech by Andrew Hauser

Introduction In recent decades, households and businesses seeking to save, borrow or access other financial services have increasingly turned away from traditional banks and towards so-called Non-Bank Financial Institutions (NBFIs) – a wide range of firms …

Distribution channels: Banking, Finance & Investment Industry

Published on September 20, 2023 - 09:00 GMT

Solvency UK: Maintaining the momentum - speech by Gareth Truran

Introduction Good morning and thank you for inviting me to speak to you today. I want to update you today on the reforms to Solvency II, to create a new UK prudential regime for insurers known as Solvency UK. These changes are designed to simplify the …

Distribution channels: Banking, Finance & Investment Industry

Published on September 19, 2023 - 08:15 GMT

Competitiveness and growth: continuing the conversation − speech by Victoria Saporta

Introduction I am very pleased to welcome you to today’s conference. We have a big group here in the room, but we also have an even bigger group joining virtually. Thank you all for joining. As all of you will know, the Financial Services and Markets Act …

Distribution channels: Banking, Finance & Investment Industry

Published on September 6, 2023 - 15:00 GMT

The end of the (Libor) world as we know it – remarks by Arif Merali

QUESTION 1: It is 9 years since the Financial Stability Board (FSB) originally recommended identification of alternative near risk-free rates and 6 years since Andrew Bailey announced that “the survival of Libor could not and would not be guaranteed past …

Distribution channels: Banking, Finance & Investment Industry

Published on August 26, 2023 - 16:25 GMT

The economic costs of restricting trade: the experience of the UK - speech by Ben Broadbent

Introduction and summary Good morning. I haven’t been to this conference for a number of years and it’s a great pleasure to be back. Quite a bit has happened in the interim. We have been through a terrible pandemic. Just as the world was overcoming the …

Distribution channels: Banking, Finance & Investment Industry

Published on July 20, 2023 - 15:00 GMT

Payments: it’s all change − speech by Victoria Cleland

I would like to thank UK Finance for inviting me to speak, and for the perfect timing of the reception. On 19 June, exactly a month and a day ago, we reached an important milestone migrating CHAPS (the UK’s high-value payment system) to ISO 20022, the …

Distribution channels: Banking, Finance & Investment Industry

Published on July 19, 2023 - 16:00 GMT

Quantitative tightening: the story so far − speech by Dave Ramsden

Thank you very much to the Money Macro and Finance Society for co-hosting this event here at the Bank of England. My remarks today are going to focus on the Bank of England’s experience of quantitative tightening (QT). The Monetary Policy Committee (MPC) …

Distribution channels: Banking, Finance & Investment Industry

Published on July 10, 2023 - 15:00 GMT

New prospects for money - speech by Andrew Bailey

I want to start by welcoming the Chancellor’s announcements this evening aimed firmly at encouraging investment in the productive economy. Since the financial crisis fifteen years ago we have seen potential output growth fall in many economies, the UK …

Distribution channels: Banking, Finance & Investment Industry

Published on July 3, 2023 - 13:00 GMT

'Yesterday’s logic' − speech by Nathanaël Benjamin

Thank you all for being here today. It is a pleasure to see you all – and I must confess it has been somewhat of a relief that Q2 has been just about quiet enough for me to make it here! So first let me apologise for postponing the March event at which I …

Distribution channels: Banking, Finance & Investment Industry

Published on June 29, 2023 - 07:10 GMT

Global action to enhance cross-border payments − speech by Victoria Cleland

It is a pleasure to be speaking here in Cape Town to open the Global Payments Summit: an event that brings together representatives from over 30 countries across five continents. What better audience to address about enhancing cross-border payments: a …

Distribution channels: Banking, Finance & Investment Industry