United Kingdom
FCA consults on new climate risk disclosures
Firms will have to publish disclosures or explain why not; critics believe the new rules should be mandatory
Carney sets out ‘grand unifying theory’ of macro-pru
Loss function for financial stability echoes format of Taylor rule, but requires much more judgement; speech is Carney’s last as BoE governor
FedNow: the advantage of going last
While the Fed is late in developing instant payments, it can learn about fraud detection, interconnectivity and directory services strategies from Europe, the UK and Australia
Andrew Bailey approved as Bank of England governor
Treasury Committee “satisfied” after grilling the outgoing FCA chief
Monetary policy is not ‘impotent’ – BoE’s Broadbent
Scepticism is “overdone” and may encourage inaction, deputy governor says
UK regulators checking firms’ virus contingency plans
Firms can use alternative sites or let staff work from home so long as regulatory obligations are met
Andrew Bailey defends record in parliamentary grilling
Prospective BoE governor says he faced a “huge task” in “rebuilding” the FCA, though he admits he is “not proud” of some things that happened during his tenure
G7 leaders avoid committing to co-ordinated virus response
Central bankers and finance ministers “stand ready”; Carney says BoE has launched contingency measures
Cunliffe spells out key questions to answer before launching CBDC
If central banks are to issue digital currency, they must think hard about the design, BoE deputy says
BoE announces new centralised data platform
UK central bank teams up with Autorek for two-phase project
Finance firms must take further steps on climate change – Carney
BoE governor calls for broadening of climate effort, including push for better risk management
BoE to impose Libor-linked collateral penalties
Andrew Hauser says regulators will employ carrots and sticks as deadline for transition looms
Activist claims Bailey ‘not fit’ to govern BoE
High-profile activist criticises Bailey and FCA in new report, calling for investigation into his appointment
FCA admits data blunder
Confidential information was published in descriptions of complaints following a freedom of information request
Bank of England launches new £20 banknote
BoE says the new polymer note is the “most secure” it has issued
Many new UK financial products lack consumer protections – FCA
E-money services are not covered by financial services compensation scheme, UK regulator says
BoE’s Taylor argues for solution to IFRS 9 ‘headache’
Loss provisioning rules could worsen downturns and present issues for stress-testing, official says
Women paid 20% less than men at BoE
Pay gap shrinks to lowest level since 2017, but remains above UK national average
UK's FCA dismisses Libor credit component concerns
Regulator bemused by distress raised by US regional banks to Fed
BoE paper highlights non-linearities in bank funding and solvency
Results could be important consideration in stress-test design, authors say
‘Intangibles’ may be adding to long-run rate decline – BoE’s Haskel
Economist says “tyranny of collateral” could be a problem for modern economies
Global governance is getting harder, warns BoE’s Cunliffe
Fading memories of crisis, new players and Brexit all create challenges, deputy says
UK financial market has never been ‘cleaner’, says FCA official
New business strategy has helped regulator monitor insider trading; additional metric helps analyse data from transactions previously out of reach
BoE paper finds heterogeneous policy transmission to firms
Authors say financial frictions “crucial” to understanding monetary policy transmission