Bank of England (BoE)
Carney: Brexit could trigger ‘extreme fragmentation’ of EU markets
Lack of agreement on derivatives likely to be more costly for European markets than UK ones, BoE governor says; stance contrasts sharply with European Commission
BoE’s Cunliffe makes case for ‘stodgy’ policy
Monetary policymakers should not act too fast when uncertainty is high, deputy governor says
BoE minority staff score lower in first diversity survey
While BAME scores were lower, the central bank said staff were “generally positive” about inclusiveness
BoE paper reports ‘lab experiment’ on banker bonuses
Test subjects tended to take larger risks when their bonuses could not be taken away
Communication strategies too weak to ‘pierce veil of inattention’ – research
Survey evidence is too poor and central bank communication too ineffectual, say economists, but reforms could open up new mode of policymaking
BoE’s latest big data project targets labour mismatches
Eliminating regional mismatch could have prevented productivity shortfall, researchers find
Data prompts positivity from Carney
Economic slowdown in Q1 was not due to the economic climate, BoE governor says
UK regulators review financial firms’ operational resilience
Firms must ensure processes can be maintained after disruption - regulators
BoE to defend post-crisis regime through ‘running repairs’
Capital regime will need to evolve to stay on top of risks, says Victoria Saporta; BoE set to unveil details of operational resilience requirements
Miles warns too much weight placed on untried regulations
TLAC and the resolution regime may not be enough to substitute for higher capital, former Bank of England official says
Central banks do not have tools to change productivity growth – Haldane
BoE chief economist says governments are responsible for productivity, challenging proposals in recent report
BoE official considers possible new frameworks for retail payments
“Multi-vendor” more resilient but “single vendor” easier to regulate, David Bailey says
Crypto assets could threaten market integrity – PRA’s Woods
PRA chief executive issues guidance on risks related to crypto assets
BoE to launch ‘cyber stress tests’
Firms will be expected to demonstrate they can recover from a breach within an agreed timescale, or face an intervention from supervisors
BoE should not ‘dally’ with next monetary policy move – McCafferty
In his last scheduled speech, the MPC member says a delay could force the central bank into a more “aggressive tightening”
Carney criticises EU stance on Brexit issues
Governor describes EBA analysis as “incomplete” and says time is running out for a deal on trillions of dollars in derivatives contracts
Haskel says BoE could benefit from focus on intangible capital
Productivity specialist says updated view of the economy could help with setting policy
DLT could reduce risk in payments – BoE official
Cryptography could help secure payments messages and reduce the risk of fraud
BoE capital injection lays ground for stronger crisis response
Higher risk-bearing capacity allows additional emergency measures, Mark Carney says; move could bring forward BoE’s exit from QE
BoE’s chief economist joins minority in calling for rate rise
Monetary policy committee lowers threshold for reducing debt holdings
Report proposes mandating BoE to target productivity growth
UK opposition says BoE should not have to rely on interest rates to lower inflation; 3% productivity target would help push prices down, report says
Leverage ratio disincentives clearing – BoE paper
Leverage ratio appears to have made some banks less willing to take on new clients
Two women appointed to top BoE committee
Julia Black and Jill May will sit on the Prudential Regulation Committee
BoE’s profits dip on higher banknote and research expenditure
But total expenditure comes in below budget due to lower headcount than expected