United Kingdom
Polymer banknotes caused sharp fall in UK counterfeits – BoE
Bank of England reports reduction from 1,000-plus fake notes a month to single figures
UK banking industry pledges to support public access to cash
Trade body will work with BoE and Treasury to ensure access to cash
‘Uncertainty shocks’ can do long-term harm – BoE paper
Authors outline a general equilibrium model to show uncertainty can have long-run effects
BoE officials say central bank still on course for a hike
Rate hikes still most likely course of action, but Brexit could drastically alter outlook; strong labour market data strengthens case for tighter policy
UK’s parliament asks questions over FCA handling of suspended fund
Andrew Bailey calls for limits on illiquid investment to be maintained by offshore funds
BoE unveils strategic priorities for 2019
Annual report says focus will remain on Brexit, but resilience, fintech and an overhaul of the BoE’s own operations are also priorities
BoE’s Ramsden calls time on Libor use
Deputy governor says progress on transition to Sonia benchmark needs to accelerate
Open letter calls for next BoE governor to ‘serve the whole of society’
94 signatories urge BoE to “evolve” to tackle major problems
Bank of England awards contracts for new banknotes
Award made for joint provision of substrate for £50 note as BoE opts for same polymer in all notes
Regulations lower rates and cause imbalances – BoE paper
Research into repo market highlights some unintended consequences of post-crisis regulations
BoE’s Broadbent receives renewed term
Deputy to serve further five years; new appointments made to central bank’s oversight body
BoE makes climate risk a hot topic for banks
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime
BoE’s Ramsden highlights unusual patterns of investment and hiring
Weak investment in capital could exacerbate UK’s productivity woes, deputy says
BoE may impose capital floors on UK firms – PRA chief
Sam Woods says some leveraged loans are based on “heroic” risk assumptions
BoE’s Broadbent: constant Brexit delays are hurting investment
Deputy governor blames “repeated series of cliff edges” for poor UK investment
Cyber crime is ‘present danger’ for financial system – BoE deputy
Sam Woods emphasises need for more widespread stress-testing of cyber security
BoE seeks to make financial stability more transparent – Brazier
Policy-makers look to improve communications and design tests more systematically
BIS paper finds cross-border links between monetary and macro-pru policy
Authors discover “significant interactions” between policies
BoE’s Woods sees value in ditching EU-style rulemaking
Detailed legislation behind banking regulations may be unnecessarily restrictive for UK, says PRA chief; post-Brexit harmonisation with Europe could still cause problems
Don Kohn offers advice on macro-pru under uncertainty
BoE looks at wide range of indicators but could still do more, FPC member says
Willingness is not enough to achieve equality – BoE’s Place
COO says she has changed her views on what needs to be done to achieve gender equality
BoE to scrutinise banks’ op risk tolerance limits
Watchdog says banks must prove they can stick to tolerance limits; cyber stress test planned
HSBC hires BoE’s cyber risk chief
Watchdog’s CISO will serve as UK bank’s first head of resilience risk
BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets