United Kingdom
UK counterfeit seizures fall for 3rd straight year
The number of counterfeit banknotes in circulation confiscated by the British authorities plummeted by almost a quarter last year. The total face value of counterfeit notes found also fell by a similar degree.
Probe into rumour-mongering widens
The Financial Services Authority (FSA) in Britain is teaming up with other financial services watchdogs as part of an expanding investigation into allegations of market abuses surrounding sudden drops in the share prices of financial institutions.
FSA appoints new senior adviser after Rock fiasco
The Financial Services Authority (FSA) in Britain has appointed Naguib Kheraj as senior adviser to the newly created Supervisory Enhancement Programme (SEP).
Sentance: pound matters for monetary policy
The weakening pound is adding to the upward pressures on costs and prices from global markets, said Andrew Sentance, a member of the Bank of England's rate-setting committee, in a speech to the Confederation of British Industry.
BoE's Jenkinson on liquidity risk
Developments in financial markets have increased the importance and complexity of liquidity risk management over the past decade, said Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England.
Three-way split underlines Bank's dilemma
The Bank of England's April vote saw members of the Monetary Policy Committee (MPC) backing three separate options for the first time since May 2006, minutes of the meeting published on Wednesday reveal.
BoE must remain focused on inflation
Monetary policy in the UK ought to remain focused on achieving price stability as defined by the inflation target, Tim Besley, a member of the Bank of England's rate-setting committee, has said.
BoE brokers MBS swap to ease tensions
The Bank of England will swap mortgage-backed securities for government bonds in a move which the Bank expects to generate £50 billion ($100 billion) worth of borrowing.
Chief economist underlines BoE's "tricky" task
The juxtaposition of the recent shocks to both inflation and growth makes the task of the Bank of England's Monetary Policy Committee particularly tricky, Charlie Bean, the Bank's chief economist, noted.
BoE names former economist as communications head
Jenny Scott, a BBC journalist and former Bank of England economist, is to become the Bank's director of communications in June.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Little demand for BoE cash
Bids for £15 billion-worth ($29.4 billion) of three-month loans from the Bank of England only just exceeded the amount on offer in spite of strong tensions in sterling interbank markets.
Factory-gate inflation rise compounds BoE's woe
Producer prices in the UK leapt to 6.2% for the year to March, the highest rate since 1991.
BoE on how to reduce systemic risk
The Bank of England has published a paper looking at how the structure of financial systems affects systemic risk.
Old Lady lowers rates to 5%
The Bank of England's Monetary Policy Committee (MPC) cut rates by a quarter point to 5% on Thursday.
British banks want to borrow more
UK banks have asked for a sharp increase in their borrowing facilities at the Bank of England, the Financial Times has reported.
UK opposition calls for new central bank powers
Giving central banks the power to vary the capital banks hold over the economic cycle could help prevent asset price collapses, argued George Osborne, the Conservative shadow chancellor.
UK chancellor wants action on market crisis
Alistair Darling, the UK chancellor, has called on his G7 counterparts to formulate a "clear and detailed plan of action" to combat the turmoil in world markets.
New UK coinage meets lukewarm reception
New coin and banknote designs are almost inevitably greeted with criticism and the first new coin designs for 40 years from the UK's Royal Mint, unveiled on 3 April, were no exception. Historians, designers and MPs have already criticised them.
Tucker: BoE to only partly offset the credit blow
The Bank of England should cut rates gradually to avoid inflation, said Paul Tucker, the Bank's executive director responsible for markets and member of the Monetary Policy Committee.
Lenders expect further credit cutbacks: BoE poll
The Bank of England's quarterly survey of credit conditions, published on 3 April, showed that lenders had reduced the supply of secured credit to households over the three months to mid-March.
King: change needed in bank regulation
Much thought will need to be given to the structure and nature of banking regulation in the future given the recent challenges presented by the financial turmoil, admitted Mervyn King, the governor of the Bank of England. "Serious thinking and…
Economy not policy accounts for differences: King
The marked contrast in the responses of the Federal Reserve, the Bank of England and the European Central Bank to the credit crunch is down to divergences in the economic conditions facing each central bank rather than policy stances, Mervyn King, the…
Regulator admits culpability for Rock run
The Financial Services Authority (FSA), Britain's financial supervisor, has said it failed to adequately regulate Northern Rock, the now state-owned UK mortgage lender.