United Kingdom
EU rules may scupper Northern Rock plan
A European Commission official said that if the British government continues to provide support for Northern Rock beyond 17 March, which under the plans for the nationalisation of the bank announced this week seems inevitable, it will have to prove that…
Northern Rock to be nationalised
Alistair Darling, the British chancellor of the exchequer, has announced that Northern Rock will be put into public ownership - the first nationalisation of a sizeable British bank for 25 years.
BoE's Besley sees reduction in consumption growth
Speaking at the Institute for Fiscal Studies, London, on 18 February, Timothy Besley, a member of the Bank of England's Monetary Policy Committee, said that recent shocks to the UK economy "have created a challenge to policy."
US Treasury warns SWF rules could cause backlash
David McCormick, the US Treasury's undersecretary for foreign affairs, has said that rules forcing sovereign wealth funds to be more transparent could backfire.
Old Lady stays cautious in latest Inflation Report
The Bank of England maintained its delicate balancing act between emphasising the upside risks to inflation and signalling that it still has room to cut rates in its latest Inflation Report, published Wednesday 13 February.
UK inflation creeps higher
British CPI inflation edged further above the Bank of England's 2% target in January.
Chances of rate cut fall on UK inflation data
Further monetary loosening in Britain looked less likely after factory-gate inflation hit its highest level since 1991.
BoE makes expected rate cut
The Bank of England's Monetary Policy Committee cut rates to 5.25%, as widely expected.
UK regulator wants above-inflation budget increase
The Financial Services Authority (FSA), Britain's beleaguered regulator, has asked the government for an extra £21.3m ($41.8m) for the 2008/ 2009 financial year.
Coordination was unprecedented, says Goodhart
The joint action by five of the world's leading monetary authorities was a move unprecedented in central banking, said Charles Goodhart, a former member of the Bank of England's monetary policy committee.
Old Lady could offer covert support under new rule
The British chancellor wants to introduce new rules allowing the Bank of England to give lender-of-last-resort support in secret.
Bank of England's King to get second term
Mervyn King has been granted a further five-year term as the governor of the Bank of England.
Glum findings in latest FSA report
Financial markets could be more vulnerable to external shocks in 2008, the latest risk outlook published by the Financial Services Authority (FSA), the British single regulator, finds.
The FSA Handbook: a Practical Guide and Update
With the focus of markets on the regulatory response to the current crisis, the launch of this tenth guide to the Financial Services Authority (FSA) handbook, to be held in London on 6 February, is expected to be a popular event.
UK regulator held responsible for bank run
The Financial Services Authority (FSA), the British regulator, failed in its duty to properly supervise Northern Rock, the beleaguered mortgage lender, an eagerly awaited report by lawmakers finds.
UK rates "restrictive", says dovish Blanchflower
David Blanchflower, the only member of the Bank of England's nine-strong monetary policy committee (MPC) to back a rate cut earlier this month, has said monetary easing is vital to avoid a recession.
European regulation event in London: 29 January
With the credit squeeze and banking crises like Northern Rock placing an increasing scrutiny on regulators, this practical guide to the latest regulatory developments is timely.
New SWF event to be held in London
Whether being portrayed as villains for their opacity and secrecy, or as saviours for shoring up the capital bases of some of the biggest investment banks, sovereign wealth funds have seldom been off the front page of late.
UK's King unlikely to take Fed tack on rate cuts
Mervyn King, the governor of the Bank of England, signalled he would prefer a gradual decline in rates on Tuesday in a speech that noted the risks to inflation as much as those to growth.
UK MPC voted 8 - 1 in favour of rate hold
David Blanchflower was the only member of the nine-strong Bank of England Monetary Policy Committee to object to the decision earlier this month to hold rates at 5.5%, opting instead for a 25 basis point cut.
Rock-bond plan could pay off Bank loan
The British Treasury underlined its commitment to finding a private sector bidder for Northern Rock on Monday, publishing details of a strategy that would require no upfront repayment of the £26 billion ($50.6 billion) owed by the beleaguered mortgage…
Banking risks must be considered together
The impact of credit and interest rate risk, the two most important dangers faced by commercial banks, must be measured jointly, research published by the Bank of England finds.
Fisher urges Fed to avoid "trigger-happy" cuts
Having an itchy trigger finger with monetary policy risks shooting everyone in the foot, said Richard Fisher, the president of the Dallas Federal Reserve.
British MPC faces tough choices warns deputy Gieve
The Bank of England's monetary policy committee (MPC) faces difficult decisions in the months ahead because of the dual threat of slowing growth and rising inflation, said Sir John Gieve, the deputy governor responsible for financial stability.