16 September 2019
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Latest articles for Bank of England


Carney: Digital currencies could counter the destabilising influence of the US dollar

27 August 2019  |  6652 views  |  1 News

Bank of England governor Mark Carney has posited the creation of a network of central bank digital currencies as a means of overcoming the destabilising dominance of the US Dollar on international trade.


Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

21 June 2019  |  37128 views  |  0 News

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.


Regulators and politicians respond to Facebook's crypto plans

19 June 2019  |  30430 views  |  2 News

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.


BoE issues cyber attack warning

19 June 2019  |  18056 views  |  0 News

Banks would struggle to defend themselves against a state-sponsored cyber attack that corrupted their records over a period of months, according to a Bank of England (BoE) official.


Regulatory bodies from the UK and Singapore to collaborate on cyber security

13 June 2019  |  3909 views  |  0 Company announcement

The Monetary Authority of Singapore (MAS), Bank of England and the Financial Conduct Authority announced today that they would be working together to strengthen cyber security in their financial sectors.


UK regulators to form post-trade technology working group

08 May 2019  |  9554 views  |  0 News

UK regulators are to convene an industry-led 'Technology Working Group' to drive reforms in post-trade processing in a bid to encourage innovation, reduce complexity and increase systemic resilience.


Bank of England slammed over outdated IT and culture

13 March 2019  |  12858 views  |  0 News

The Bank of England has been hauled over the coals by a Common Select Committee in a searing critique of its outmoded technology estate, culture and procurement activities.


Bank of England takes action over Visa outage

08 March 2019  |  13953 views  |  0 News

The Bank of England is to take supervisory action against Visa following a widespread outage last year that disrupted payments for millions of shoppers across Europe.


FairFX granted settlement accounts at Bank of England

19 February 2019  |  3504 views  |  0 Company announcement

FairFX, the e-banking and international payments group, announces that, through its subsidiary Spectrum Payment Services (“SPS”), it has been granted settlement accounts with the Bank of England and, in turn, has become a Direct Participant of the UK Faster Payments Scheme (“FPS”).


Bank of England tech revamp gets the nod from the National Audit Office

19 December 2018  |  3203 views  |  0 Company announcement

The Bank of England welcomes the National Audit Office report on the Bank’s central services functions and its conclusion that the Bank is moving in the right direction.

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