In its annual supervision of financial market infrastructures (FMI) report, the central bank warned that these entities are so crucial to stability that any disruption could have consequences that affect the entire financial system.
Tag: Bank of England
The central bank intends to use the granular Level 3 Data for research and analysis.
Supervisory authorities set out potential measures to protect resilience among critical third parties
A discussion paper released by the Bank of England, Prudential Regulation Authority and the Financial Conduct Authority looks to combat financial stability concerns related to third-party service providers.
In a review letter, the Bank of England’s Prudential Regulation Authority discussed issues related to SIMM calculations and the impact the upcoming regulation will have on hedge funds portfolios.
The London-based centre marks the fourth location new location to become part of the BIS Innovation Hub programme in the last two years.
Andrew Bailey says the UK must “resist very firmly” the EU’s attempts to force all euro-derivatives clearing into the bloc.
Andrew Bailey says EU and UK equivalence process has not been straightforward as he urges now is not the time to have a regional argument.
The audio feed contained no inside information and no activity of concern or misconduct was identified by the FCA following the audio hack at the Bank of England.
Results from the latest Bank of England survey revealed that UK FX daily turnover in April 2020 has shrunk 16% since October 2019 to $2.4 trillion.
The report from the UK central bank found that financial firms are spending upwards of $20 billion a year on post-trade processing systems alone.