21 August 2017
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Latest articles for Bank of England


Bank of England rejects palm oil as replacement for animal fats in plastic banknotes

10 August 2017  |  5795 views  |  0 News

In a decision that will anger vegans across the UK, the Bank of England has rejected the introduction of palm oil as a replacement for the use of animal fats in future production runs of polymer bank notes, citing environmental concerns and excessive costs.


Plastic 'tenner' makes its debut

24 July 2017  |  2352 views  |  0 Company announcement

Today, on the 200th anniversary of Jane Austen’s death, Governor Mark Carney unveiled the design of the new £10 note featuring the world-renowned author.


Bank of England comes good on promise to provide non-banks with direct access to RTGS

19 July 2017  |  8304 views  |  0 News

The Bank of England has extended direct access to RTGS accounts to non-bank payment service providers as part of a wide-ranging effort to inject more competition and innovation into the UK's payments systems.


BofE says Ripple PoC reinforces desire for DLT compatibility

10 July 2017  |  15725 views  |  0 News

The Bank of England says that a distributed ledger technology proof-of-concept with Ripple has reinforced its intention to make a new real-time gross settlement (RTGS) platform compatible with DLT usage in the private sector.


UK banks will need to change one million sort codes under ring-fencing rules

19 June 2017  |  11206 views  |  2 News

The UK's banks will have to change one million customer sort codes under new ring-fencing rules set to be introduced in 2019.


UK digital challenger CivilisedBank gets licence

23 May 2017  |  7359 views  |  0 News

Branchless CivilisedBank has received a licence from the Bank of England ahead of a planned launch early next year.


Red-faced Carney joshes with e-mail prankster

23 May 2017  |  7682 views  |  0 News

Bank of England governor Mark Carney is the latest top banker to have fallen victim to an e-mail prankster, joking with the culprit about the drinking habits of former governor Eddie George.


Bank of England to take over running of Chaps as RTGS make-over comes onstream

09 May 2017  |  17325 views  |  1 News

The Bank of England is to take over the direct running of the UK's Chaps high value payment system as part of a blueprint for a rebuild of its real-time gross settlement platform to accommodate new market entrants and a future-proofed interface to distributed ledger technology.


Delivery plan agreed for consolidation of UK payment schemes

04 May 2017  |  10032 views  |  1 News

The UK's Payment Systems Regulator and the Bank of England have agreed a framework for the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.


Bank of England accelerator to tackle Big Data and privacy in distributed ledgers

19 April 2017  |  11067 views  |  0 News

The Bank of England is inviting applications for its latest accelerator project with an emphasis on conducting proofs of concept around machine learning and privacy in distributed ledgers.

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