News release The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) in connection with a miscalculation of their Solvency II balance sheet during 2023 and 2024. This resulted in UKI …
News release Images of the UK’s wildlife are to feature on the next series of banknotes following a public consultation run by the Bank of England. The nature theme received the highest proportion of nominations in last year's consultation, as well as …
The February 2026 DMP survey was conducted between 6 and 20 February 2026 and received 2,042 responses. Firms reported that their realised annual own-price growth was 3.7% in the three months to February, unchanged from the three months to January. Note …
Annex: Draft statement of policy: the Bank of England’s approach to using its requirements and permissions powers to facilitate mobilisation of new CCPs 1: Introduction 1.1 This statement of policy (SoP) sets out the Bank of England’s (Bank’s) approach to …
Background The Bank of England is pleased to announce the availability of a BEEDS User Acceptance Testing (UAT) environment for both statistical reporting firms and software houses to test Bank of England Statistical Taxonomy v1.3.1 FINAL. The UAT …
Introduction What are central bank mandates for? And how should they evolve? Mandates are, at their most abstract, but also at their best, devices that align a specialised public institution with the aims that society cares about. When it comes to the key …
News release Katharine Braddick CB appointed as the next Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA), succeeding Sam Woods when his term ends in June 2026. Katharine …
Present Committee members: David Roberts, Chair Sarah Breeden, Deputy Governor – Financial Stability Clare Lombardelli, Deputy Governor - Monetary Policy (items 1 to 4 only) Sir Dave Ramsden, Deputy Governor – Markets & Banking (items 1 to 5 only) Sam …
Since April 2013 Court has been required by Paragraph 12 of Schedule 1 of the Bank of England Act to publish minutes of its meetings. The Act also provides that Court may withhold information from publication where this would in its opinion be against the …
1: Executive summary This policy statement (PS) sets out our decision to extend CHAPS settlement hours by moving the start of settlement from 06:00 to 01:30. Our intention is to put this early morning extension (EME) in place in September 2027, subject to …
Introduction As per the Bank’s approach to innovation in AI, DLT and quantum computing, we seek to engage with innovators and industry practitioners in various ways to better understand the latest technological developments and their implications for the …
By Sandra Batten and Stephen Millard In this paper, we use a dynamic general equilibrium model to examine the effect of the move to net zero in the United Kingdom on productivity. One argument is that the transition is likely to be productivity-reducing, …
Time: 5pm – 6.30pm | Location: Bank of England Minutes Item 1 – Welcome The Governor began the meeting by thanking attendees for joining and reminding participants of the purpose of these meetings. The Governor made clear that the MPC would be in listening …
1: Introduction This Bank of England (Bank) policy statement (PS) provides feedback to responses the Bank received to its September 2025 consultation on partial revocation of the UK Technical Standards (UKTS) 2018/1624 on resolution reporting (COREP13 …
Introduction It is a great pleasure to be here this evening at this LSE event Chaired by Lord Stern. It is nearly twenty years since the Stern review, which showed that climate change could, among other things, have a serious impact on GDP in the long run …
Overview This Report contains information on the Bank of England’s Asset Purchase Facility (APF) for 2025 Q4. The APF’s stock of gilt holdings and changes from 1 October 2025 to 31 December 2025 are detailed in the section ‘APF operations in the past …
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT The Bank of England holds foreign exchange reserves in support of its policy …
Following the publication of Green notice 2025/01 and the associated consultation on the proposal to discontinue the collection and publication of Form BN data, we are issuing this follow‑up notice to summarise feedback received and outline next steps. …
It is a great pleasure to be here in AlUla and share thoughts at this important conference. You have given me the task of setting the scene in terms of the current context of the world economy. In other words, you have unfurled a large canvas, and given me …
Following the previously announced delay required to implement the new country grouping conventions for International Banking Statistics, the Bank will be implementing these changes with effect from our publication of 2025 Q4 data, scheduled for 6 March …
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