Sarah Breeden
BoE backs away from mandatory gilt clearing
Discussions with industry shift to portfolio-based repo haircuts and ways to encourage voluntary clearing
BoE holds interest rates at 3.75%
Governor says he would respond ‘promptly’ to stronger second-round effects of Iran war
Banknotes: April to June 2026
A round-up of news and salient issues that have affected central bankers in the past three months
BoE pledges to link tokenised markets to central bank money
Bank says RTGS will be modified to support use of tokenised assets as collateral by 2028
Market highs do not reflect risks, says BoE’s Breeden
Deputy governor says risk of multiple shocks occurring at same time keeps her ‘awake at night’
BoE’s Breeden warns of potential private credit crunch
Deputy governor cautions investors not to regard wobbles as ‘idiosyncratic’
Bank of England holds rates and hints at hikes
MPC member says UK economy ‘damaged’ by energy shock as war triggers first unanimous vote since 2021
BoE launches system-wide test on private markets
Second ever exploratory scenario to include major asset managers; results expected in early 2027
Bailey switches sides as BoE holds at 4% in 5–4 decision
Members’ views, published for first time, show disagreement around staff’s central projection
BoE plans system-wide test on private credit risks
Bank aims to probe market after First Brands and Tricolor collapses raise alarms about subprime lending
BoE’s Breeden dismisses worries over UK’s persistent inflation
September’s flare-up in prices will not have significant second-round effects, deputy governor says
BoE makes subtle leverage snipe at CCP cross-margining
Margin offsets might increase risk, but could also encourage more central clearing
BoE to consult on promoting clearing for gilt repo market
Deputy governor also takes aim at bilateral repo haircuts and cross-CCP netting
Rate hikes and financial stability can coexist – IMF panel
Policy-makers can ease lenders’ stress with short-term liquidity when tightening policy, say speakers
Three-quarters of UK financial firms use AI – BoE’s Breeden
Deputy governor previews survey result in speech on AI’s financial stability risks
BoE’s digital securities sandbox to lead to new regulatory regime
Five-year project to open for applications this summer
BoE’s focus has shifted from tightening, says deputy governor
Inflation “moving in right direction” but trends still need to be monitored, Breeden says
Finance must do more on climate risk, BoE’s Breeden says
Sector using lack of certainty as “an excuse to go slowly,” senior official says
Gilts debacle exposes financial stability risks
Lurking leverage in liability-driven UK pension investments raises important questions for central bankers
‘Shouting on the phone’: BoE officials shed light on gilt market intervention
Crisis sparked by UK government’s plans needed unprecedented action, officials tell parliament
BoE outlines climate stress tests
Tests planned as “learning exercise” and will not be used to set capital requirements