Bank of England (BoE)
BoE paper proposes fix for flawed rate expectation estimates
Model augmented with overnight indexed swap rates performs better, author says
UK banks struggle in EU-wide stress tests
Italian banks also suffer heavy losses in EBA’s most severe test conducted to date; BoE says UK faced tougher test than others
BoE paper proposes nowcast method for GDP revisions
Dynamic factor model reveals information on how early estimates may be revised, authors say
BoE launches comms push as it seeks face for £50 note
Central bank seeks boost to public engagement from nominations and ‘Future Forum’
BoE on hold as Brexit clouds outlook
Central bank may have to raise rates even in disorderly Brexit scenario, Mark Carney says
Agent-based models: a new frontier for macroeconomics?
Agent-based modelling is opening up new possibilities for economics, but the discipline is still struggling to move from the sidelines to the mainstream
BoE paper highlights flaws in bank modelling
Many models still treat banks as “warehouses”, authors say, with important modelling implications
Podcast: Arthur Turrell on agent-based modelling
The Bank of England economist says ABMs should complement, not replace, other models
BoE sparks controversy over expenses disclosure
Governor Carney and two external advisers in the spotlight for large expenses bill
UK to retain highest denomination note
Central bank says new £50 will be printed on polymer; low-value coins also set to stay
BoE to demand senior financiers tackle climate risks
Proposals from PRA would hold senior managers accountable for climate change risks, and capital surcharges may follow
What is driving the drop in UK cash volumes?
The volume of cash in circulation in the UK has declined for the first time since 1960. Is this a sign the UK is moving towards a cashless society? Or just a blip in the trend?
Macro-prudential forex rules may shift vulnerability – BoE paper
Study of forex rules finds they may succeed in their primary goal, but shift risks elsewhere
Haldane examines ‘puzzling pattern’ of weak wage growth
Average weekly wages are now lower than before the crisis, in real terms
BoE calls on EU to act on Brexit stability risks
Failure to act could disrupt $90 trillion of derivatives contracts, central bank warns
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Haldane to lead effort to boost UK productivity
BoE chief economist appointed chair of the Industrial Strategy Council
A stressful week: saving the UK banking sector
One frenetic week in 2008 led to the formation of the UK’s modern stress-testing approach
Bank of Canada launches new communication initiative
Central bank hopes new publication will promote financial literacy among Canadians
‘Momentum building’ behind financial response to climate change
FSB welcomes progress on disclosures; BoE report finds many UK banks are facing up to the risks
Future balance sheet size hard to judge – BoE’s Ramsden
Reserves demand likely to become more important as QE winds down, but how large the balance sheet will be is an “open and difficult question”, deputy says
BoE’s Vlieghe: QE unwind need not impact yield curve
Yield curve has flattened since BoE’s independence and is likely to stay that way- MPC member
BoE reveals details of nowcasting approach
Central bank explains approach to generating timely estimates of global GDP
IT failures reveal vulnerabilities in UK banking system
Barclays and NatWest are latest victims of internal failure