Introduction Following the cessation of most LIBOR settings at the end of 2021, the Working Group on Sterling Risk-Free Reference Rates (the “Working Group”) concluded at its January meeting that it had met its objective to “catalyse a broad-based …
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Minutes Date: 19 March 2024 Item 1: Welcome Neeraj Patel (co-chair, HM Treasury) welcomed members to the first meeting of the CBDC Academic Advisory Group. He reminded members that the agreed meeting format would comprise three presentations from members, …
Minutes Date of meeting: 8 February 2024 Item 1: Welcome Tom Mutton (Chair) welcomed Members to the tenth meeting of the CBDC Technology Forum. The Chair noted the agenda for the meeting would comprise presentations from two of the four subgroups that have …
Minutes Date of meeting: 30 January 2024 Item 1: Welcome Tom Mutton (Chair) welcomed Members to the ninth meeting of the CBDC Technology Forum. The Chair informed Members that a summary of responses to the Consultation Paper and a summary of responses to …
The March DMP survey was conducted between 8 and 22 March and received 2,422 responses. Firms reported that their output prices rose by an average annual rate of 5.3% in the three months to March, down from 5.4% in the three months to February. Note that …
Privacy statement By responding to this consultation, you provide personal data to the Bank of England (the Bank) and the Financial Conduct Authority (FCA), jointly ‘the regulators’. This may include your name, contact details (including, if provided, …
The Bank of England (the Bank) and Financial Conduct Authority (FCA) (collectively the ‘regulators’) are consulting on their proposed approach to operating the Digital Securities Sandbox (DSS). The DSS is an initiative run by the regulators that will help …
Overview of the Transformation Plan and joint transformation programme The Bank of England (the Bank) and the Financial Conduct Authority (FCA) are working together, and with industry, to improve the data collection process for both regulators and firms. …
The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) (together “the Authorities”) have a joint-authority Memorandum of Understanding (MoU). The MoU continues to …
This publication contains the 2024 external MRELs for all firms with a resolution entity incorporated in the UK for which an MREL above minimum capital requirements has been communicated.Our approach to MREL disclosure is described below, including …
Privacy statement By responding to this consultation, you provide personal data to the Bank of England (the Bank, which includes the Prudential Regulation Authority (PRA)). This may include your name, contact details (including, if provided, details of the …
Overview The Bank of England’s financial stability objective is to protect and enhance the stability of the financial system of the United Kingdom. The Systemic Risk Survey contributes to this objective by quantifying and tracking, on a biannual basis, …
Executive summary Operational resilience is the ability of individual financial firms, financial market infrastructures (FMIs) and the wider financial system to prevent, adapt and respond to, as well as recover and learn from, operational disruptions. …
The Financial Policy Committee (FPC) seeks to ensure the UK financial system is prepared for, and resilient to, the wide range of risks it could face – so that the system is able to absorb rather than amplify shocks and serve UK households and businesses. …
At its September 2023 meeting, the MPC voted to reduce the stock of gilts held in the APF for monetary policy purposes by £100 billion over the period from October 2023 to September 2024, to a total of £658 billion. The Bank set out in the consolidated APF …
Overview This survey forms part of the Bank’s quantitative market intelligence gathering. It is formulated by Bank of England staff, and enhances policymakers’ understanding of market expectations. The questions involve topics that are widely discussed in …
Overview This publication summarises intelligence from the Bank’s Agents considered by the Monetary Policy Committee (MPC) at its March meeting. The intelligence was gathered in the six weeks to mid-February. The Agents’ scores published alongside this …
Introduction Businesses play an important role in the transmission of higher interest rates to the economy because of the adjustments that they may make to investment and employment in response directly to higher borrowing costs and indirectly via weaker …
Monetary Policy Summary, March 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 20 March 2024, the MPC voted …
