United Kingdom
‘A huge job in anybody’s terms’ – BoE’s court sets criteria for new governor
Governor must be able to promote the UK post-Brexit, while issue of diversity looms large
BoE unveils ‘systemic risk buffers’ for UK banks
Aims to ensure adequate capital within UK ring-fenced firms, as well as at global level
Carney: BoE preparing for ‘fourth industrial revolution’
BoE is reforming in a bid to adapt to technological change, says governor
BoE agrees to refine stress-testing in light of review
Independent report says stress-testing is working, but there is room for improvement
‘Broader skill base’ supporting BoE diversity targets
Central bank still missing targets at top level, but graduate intakes are much more diverse
Search on for Mark Carney replacement
Treasury begins search for new BoE governor, as Carney’s term will not be extended again
FCA stresses need for regulations to adapt to changing technology
Technology will bring both serious risks and benefits to all groups, says FCA
Higher EU corporate bond spreads in 2018 unrelated to ECB policy – research
Global trade disputes played a bigger role than the end of the European asset purchase programme
BoE to implement TCFD climate impact recommendations
Mark Carney unveils UK central bank’s move at NGFS event in Paris
PRA breaks new ground on climate risk supervision
BoE says it is the first regulator worldwide to set expectations for firms in tackling climate risks
People: Saunders and Kashyap reappointed to BoE committees
BoE reappoints its most hawkish member to Monetary Policy Committee; RBNZ gains new chief economist; ESM appoints new audit board member
Brexit muddies water in search for Carney replacement
UK chancellor says candidates are put off by the thought of having to debate politics
Now is a ‘critical time’ for Ibor transitions – Bailey
Global regulators convene in Washington, DC to tackle the transition to new benchmark rates
UK Labour Party floats idea of house price target for BoE
Report from opposition party suggests central bank could target 2% house price growth
FCA signs new agreement with Asic as Brexit looms
UK regulator ensures continuity for trade repositories and alternative investment funds
Irish central bank warns no-deal Brexit would harm growth
Central bank expects strong Irish growth if ‘disorderly Brexit’ is avoided, but inflation is still weak
BoE evaluating ‘utility’ cash distribution model
Model has helped streamline operations in countries where cash usage is on the decline, including Finland and Sweden
People: New chief operating officer appointed at the Fed
Patrick McClanahan returns to US central bank to take up COO post; former Central Bank of Ireland chief dies; and more
Central banks must become more diverse – Carney
Improving diversity increases strength and reduces groupthink, BoE governor argues
Communication still a challenge for the FPC – BoE’s Kashyap
“GDP at risk” could be a useful way of summarising risks for non-experts, FPC member says
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks
Carney says supervisors must develop climate stress-testing
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
Brexit coin may have to be redesigned amid delay
The coin face is stamped with a message and the UK’s expected departure date
BoE on hold as Brexit weighs on outlook
Policy-makers point to weak investment and continued uncertainty