Bank of England taps BMLL for order book data
The central bank intends to use the granular Level 3 Data for research and analysis.
Tag: Bank of England
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.
Bank of England warns that some firms may be systematically under-margined for UMR
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.
Bank of England and BIS launch London innovation hub
The London-based centre marks the fourth location new location to become part of the BIS Innovation Hub programme in the last two years.
Derivatives
BoE governor warns of rising tensions as EU derivatives clearing power struggle continues
Andrew Bailey says the UK must “resist very firmly” the EU’s attempts to force all euro-derivatives clearing into the bloc.
Bank of England boss slams EU approach to UK equivalence
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.
FCA closes investigation into Bank of England audio hack by hedge funds
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.
UK average daily FX volumes down in April from highs last year
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.
Bank of England launches task force to tackle outdated post-trade systems
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.
Buy-side call for markets to remain open in letter to FCA and BoE
The Investment Association has written to the FCA and the Bank of England to confirm that asset managers want markets to remain open despite coronavirus volatility.