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Transparency award: Bank of England

UK central bank moves out of its ‘comfort zone’ with targeted efforts towards market counterparties and Gen Z citizens

BoE Team
Top, from left: Laurie Roberts (senior policy manager), Jaya Phgura (assurance analyst), Sarvesh Kavathekar (specialist engineer), Paul Briggs (manager, authorisations)
Bottom, from left: Jennifer David (specialist engineer), Darshana Sudarsanan (senior analyst, data management), Laila Bara (authorisations analyst)
Bank of England

The Bank of England (BoE) has demonstrated that transparency for central banks often goes beyond engaging with a nebulously conceived ‘public’. It can also require targeted efforts that extend transparency to specific stakeholders and different areas of work.

Two noteworthy efforts were its adoption of legal entity identifiers (LEIs) into the Clearing House Automated Payment System (Chaps) for wholesale payments and a collaboration with a large digital media network to boost awareness of the

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