United Kingdom
BoE refocusing strategy for 2019–20
Central bank seeks to achieve progress despite budget remaining flat in nominal terms
BoE ramps up liquidity auctions as Brexit looms
Central bank will conduct additional auctions of long-term sterling liquidity around the March 29 deadline; MPC members disagree on approach to no-deal uncertainty
US and UK regulators strike deal to protect derivatives trading post-Brexit
Joint statement indicates continued co-operation, “whatever form” Brexit takes
Central banks disagree over cash regulation
The BoE has issued legislation demanding banks supply certain denominations, but other regulators remain on the fence about how they should manage the future of cash
BoE paper outlines results of uncertainty experiment
Decision-maker panel seeks to gauge business uncertainty in the context of Brexit
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX, following FCA audit
The Brexit conundrum
The Bank of England has only limited room to respond to a hard Brexit
BoE’s Vlieghe says bleaker outlook calls for more cautious policy
Weaker growth and Brexit uncertainty imply one or two hikes a year may be too fast, he says
UK cash system needs revamp, says Payment Systems Regulator chair
Charles Randell tells lawmakers the regulator will look at entire cash provision infrastructure in 2019
Brexit solution that ‘works for all’ must be found – Carney
BoE governor calls Brexit an “acid test” of a “new global order”
UK lawmakers demand end to inflation index ‘merry-go-round’
UK Statistics Authority called upon to seek permission from finance minister to amend RPI errors
UK economy stumbles as Brexit looms
Quarterly growth slips to 0.2% in final quarter of 2018, and monthly growth turns negative in December; business investment also down
BoE’s Taylor says external members are now better prepared
External members are now better briefed by BoE staff, but still avoid “group think”
BoE offers bleak forecasts as Brexit 'fog' deepens further
Rates stay on hold as central bank eyes growing damage from Brexit uncertainty
Low rates can harm productivity, say Liu, Mian and Sufi
Low rates may end up discouraging investment across the economy, authors say
People: Israeli deputy to leave the central bank
Baudot-Trajtenberg to step down from deputy governor post; Argentina gets new board director and president of national mint; and more
Capital requirements impact collateral demands – BoE paper
Higher capital requirements can make banks demand more collateral, authors find
BoE opens doors for debate on the future of central banking
Event breaks new ground in central bank engagement with the public; participants offer both positive and negative feedback
Central bank comms affect long-run uncertainty – BoE paper
BoE’s inflation report has effects on long-run bond yields, paper finds
Data services: Vizor Software
The Irish tech company has rolled out major updates to pave the way for more agile supervision as its scalable system won major repeat business with Sama and the Bank of England
‘Unsustainable’ debt needs more thought – BoE’s Broadbent
Sustainable debt levels can differ between economies, and may not be observable – deputy governor
UK’s Link implements new fees in bid to halt ATM closures
Subsidy paid by banks to cash machine operators rises to up to £2.75
Debt growth a better warning signal than levels – BoE’s Broadbent
Deputy governor says countries with high debt levels did not necessarily suffer more during the 2008 crisis
Dutch central bank and regulator call for AML law for crypto assets
But regulations should change to make crypto asset financing easier for small firms – DNB