IFGS 2023: More “radical change” for payments on the horizon, BoE deputy governor says
Payments used to be a “dusty corner” in financial services but are now evolving at speed, Sir Jon Cunliffe says.
Bank of England
HSBC snaps up beleaguered Silicon Valley Bank UK for £1
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
FinTech Futures: Top five stories of the week – 10 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bank of England and HM Treasury outline case for digital pound
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
FinTech Futures: Top five stories of the week – 15 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bank of England’s fintech chief Varun Paul leaves for digital asset platform Fireblocks
Paul has been at the central bank for 16 years and spent just over a year as head of the fintech hub.
House of Lords committee says UK digital pound is “solution in search of a problem”
The Economic Affairs Committee cited financial, privacy and data concerns over UK CBDC.
2021: Top five movers and shakers
FinTech Futures takes a look back at some of the year’s seminal hires and appointments.
Bank of England to launch UK CBDC consultation in 2022
Following consultation and development phase, CBDC could launch in second half of this decade.
Sibos 2021: Banks must work together to make the most of CBDCs, says panel
Panel says interoperability of CBDCs is necessary to avoid inefficiencies and poor outcomes.
UK takes first steps towards CBDC with launch of new taskforce
The taskforce will now set out to identify the UK’s use cases for a CBDC.
Bank of England governor key architect in RBS scandal which left businesses in ruin
Bailey did not disclose his hand in creating the Asset Protection Agency.
Bank of England governor brands EU relocation wishes a “very serious escalation”
The EU granted the UK temporary equivalence last September for derivatives clearing.
Starling hires BoE policy head Cordelia Kafetz to lead risk ops
Kafetz wants to “drive innovation in a more tangible way”.
UK CBDC researcher: We should be further along than we are
A UK CBDC won’t happen anytime soon if the Bank of England takes an iterative approach.
Bank of England’s Islamic liquidity announcement “a huge vote of confidence”
UK’s Islamic finance sector welcomes ALF announcement from central bank.
Bank of England selects Appvia for two-year cloud development scheme
Appvia wins selection process started in January 2020.
UK central bank unveils Islamic finance liquidity alternative
The central bank will run tests in early 2021.
Bank of England picks Accenture as RTGS renewal partner
Accenture comes out on top of a public procurement process.
Bank of England apologises for role of former governors linked to slave trade
British taxpayers have been paying off slave owners from 1833 to 2015.
Bank of England dips into US repo to lend banks $15bn
It’s the largest sum the central bank has issued since the financial crisis.
Central banks free up US dollar liquidity amid coronavirus pandemic
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
UK’s new £20 note arrives as campaigners warn cash system could collapse
Access to Cash Review calls for new laws to protect cash as the digital revolution advances.
AutoRek wins Bank of England’s tender for reconciliation tech
AutoRek will provide a centralised platform across finance and operations for BoE’s reconciliation.
Bank of England seeks public cloud technology partner
Regulator looking into benefits of SaaS and PaaS.
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
UK regulators fire Libor warning shots as deadlines loom
The FCA and Bank of England tell industry the time to act is now.
Bank of England and FCA plot internal data analytics shake-up
UK regulators outline plans to improve their data handling capabilities.
BoE’s Carney says finance is too slow on tackling climate change issues
Carney is due to become the United Nations’ special envoy for climate change.
UK regulators take aim at banks’ IT failures
The FCA, PRA and Bank of England have published a paper on operational resilience
Bank of England finds two-thirds of industry using machine learning
Firms would like to see more guidance around ML regulations.
Bank of England reveals new £20 note featuring artist Turner
The new polymer note will be the first to utilise two transparent windows.
Bank of England responds to Future of Finance report
It features five key action plans to meet the needs of the digital age.
Bank of England orders Visa to fix outage issues
The bank’s action follows the pan-European incident in June 2018.
UK banks capable of surviving a “no-deal” Brexit
However, a no-deal situation could leave the UK economy worse off than the 2008 recession.
Mark Carney’s backdoor to the European financial system
The boom in fintech investment should not be taken for granted.
ISO 20022 not snowed under by icy responses
Bank of England says responses to messaging standard were “largely supportive”.
Top fintech stories this week – 16 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Canada, UK and Singapore prep for blockchain-powered payments
Central banks and regulator reveal heightened interest and assesses alternative models.
Bank of England calls for payments messaging panel applicants
The panel will input into the implementation of ISO 20022.
