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Project Meridian FX launched to improve FX transaction settlements

News | Online Payments | 17 Jun 2024

The Eurosystem, in collaboration with the London Centres of the BIS Innovation Hub and the Bank of England, has initiated Project Meridian FX.

partnership, product launch, DLT, FX , transactions

Bank of England looks into Metro Bank's data security issues

News | Digital Identity, Security & Online Fraud | 03 Apr 2024

The Bank of England has launched an investigation into allegations regarding potential security risks concerning customer data at Metro Bank.

banks, data protection, data privacy, cybersecurity

BoA and HM Treasury respond to CBDC consultation

News | Cryptocurrencies | 29 Jan 2024

The Bank of England and HM Treasury have issued an official response to a consultation concerning the digital pound.

cryptocurrency, CBDC, digital assets, financial institutions

UK regulators propose oversight for financial third parties

News | Online & Mobile Banking | 07 Dec 2023

The Bank of England, Prudential Regulation Authority and Financial Conduct Authority have proposed measures to oversee third-party services.

partnership, regulation, compliance, financial services

Bank of England partners with Nuggets to improve CBDC security

News | Cryptocurrencies | 07 Jul 2023

UK-based Nuggets has partnered with the Bank of England to experiment and design a privacy and identity layer for the UK’s CBDC.

CBDC, data privacy, partnership, central bank

Bank of England set to decline Revolut's application for banking licence

News | Online & Mobile Banking | 22 May 2023

The Bank of England has told the Treasury that it is planning to reject Revolut's application for a banking licence, after a two-year campaign by Britain's most valuable fintech company.

banks, banking license, fintech, payments , crypto

Bank of England released updated report on climate risks

News | Online & Mobile Banking | 14 Apr 2023

Bank of England has released its updated report on climate risks and the regulatory capital framework, to offer an overview of the situation for banks and FIs. 

product upgrade, product launch, online banking, digital banking, mobile banking, risk management, fraud management

Bank of England plans to change the capital treatment for small business

News | Online & Mobile Banking | 20 Mar 2023

The Bank of England’s Prudential Regulation Authority has revealed its plans to change the capital treatment for small business lending.

SME lending, banks, banking, regulation

HM Treasury and the Bank of England consider introducing a CBDC

News | Cryptocurrencies | 08 Feb 2023

The Bank of England and HM Treasury have published a new paper that explores the introduction of a central bank digital currency.

cryptocurrency, CBDC, banks, digital assets

The Prudential Regulation Authority sets new priorities for 2023

News | Payments General | 12 Jan 2023

The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England, has set out its priorities for 2023 in a letter to chief executives of institutions.

banks, risk management, regulation, central bank, financial institutions

Bank of England explores a CBDC wallet proof-of-concept

News | Cryptocurrencies | 12 Dec 2022

The Bank of England has opened applications for a proof-of-concept CBDC wallet that would be able to hold a central bank digital currency (CBDC).

CBDC, central bank, cryptocurrency, digital assets

Bank of England to support market functioning

News | Payments General | 17 Oct 2022

Bank of England has announced a temporary and targeted intervention against the backdrop of an unprecedented reprising in UK assets.

banks, regulation, financial services, risk management