BoE

UK banks no longer too big to fail, says BoE

LONDON, June 10 (Reuters) - The Bank of England is satisfied lenders have taken steps to ensure they are no longer "too big to fail" in any future crisis, it said on…

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New rules needed to cover risks from cloud computing, says Bank of England

New rules will be needed to deal with operational risks from banks relying on outsourced ‘cloud’ computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank…

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Bank of England’s Bailey says there might be a case for digital currency

Bank of England Governor Andrew Bailey said there might be a role for a state-backed digital currency in Britain although there would be big implications ranging from the setting of…

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Bank of England tells insurers to step up climate change preparations

How much capital insurers and other financial firms must hold could be directly linked to their readiness to cope with risks from climate change, a senior Bank of England official…

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Bank of England sees slower economic recovery from COVID hit

The Bank of England said Britain's economy would probably take longer to get back to its pre-pandemic size than it previously thought, but it was still weighing up the risks…

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UK will not appoint new BoE chief before December 12 election

Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry official said. Earlier on Thursday,…

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Photo Story: Preview of Bank of England’s new 50 GBP note

An undated handout photo made available by the British Bank of England on 15 July 2019 showing the new concept image design of the Bank of England's 50 GBP note…

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BOE believes British banks can cope with no-deal Brexit

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as part of its half-yearly assessment…

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European Central Bank and Bank of England to meet on Brexit

The European Central Bank and the Bank of England will convene a technical working group on risk management in the period around 30 March 2019 in the area of financial services.…

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