The Bank of England and the People's Bank of China (PBoC) have agreed to sign a Memorandum of Understanding (MoU) on renminbi (RMB) clearing and settlement in London.
The Bank of England's supervision of financial market infrastructures - Annual Report is published today.
Following the Bank's decision in 2013 to print the next £5 and £10 banknotes on polymer, the Bank is today announcing that it has entered into a contract with Innovia Security to supply the polymer material for the new-style £5 and £10 notes.
Following a live launch at the Bank of England, financial messaging network Swift has released a new business continuity service for operators of national high value payments systems.
The Bank of England has today launched an interactive guide to banknotes, as part of its ongoing commitment to building awareness of the security features the public should look for in Bank of England banknotes.
CHAPS, one of the core parts of the UK's financial infrastructure, marks its 30th anniversary this Sunday (9 February 2014). CHAPS is the UK's high value same-day payment system which processes significantly larger values than any other UK payment system, processing over 92% of all intra-bank payments by value in the UK.
The Bank of England has today published the findings of the Waking Shark II exercise, which tested the wholesale banking sector's response to a sustained and intensive cyber-attack.
The UK banking sector is a "long way away" from addressing deficiencies in "antiquated" IT systems, a senior Bank of England official has told a parliamentary inquiry.
The Bank of England has confirmed that the UK's banknotes are going plastic, beginning in 2016 with a fiver featuring the face of Winston Churchill.
Several UK financial institutions have been hit in the last six months by cyber-attacks, some of which have disrupted services, according to the Bank of England.
© Finextra Research 2014