Tags Bank of England

Tag: Bank of England

Bank of England cancels 2020 stress test

The Bank of England and Prudential Regulation Authority (PRA) have cancelled the 2020 annual stress tests, as part of a host of measures to help the market cope with COVID-19 (coronavirus).

UK government launches review on how to support the country’s FinTech...

British chancellor of the exchequer Rishi Sunak has announced that the government will carry out a review of the country’s FinTech sector. He revealed the...

Revolut is lining up to apply for a UK banking licence...

Challenger bank Revolut is preparing to submit a banking licence application to the Bank of England.

The Bank of England picks AutoRek to automate reconciliation

The Bank of England has chosen RegTech solution AutoRek to help automate their reconciliation process and boost efficiencies.

FCA appoints interim chief executive to take over when Andrew Baily...

Christopher Woolard is stepping in as the interim chief executive of the Financial Conduct Authority (FCA) as the old chief executive Andrew Bailey is leaving to become the governor of the Bank of England.

Three things that may change with the FCA and the Bank...

Two of the UK’s most influential authorities are looking to change how data is handled. MirrorWeb has written an article explaining what changes financial services firms can expect.

FCA and the Bank of England tell financial firms it’s time...

The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.

FCA and Bank of England propose changes to improve data and...

The Financial Conduct Authority (FCA) and the Bank of England has revealed plans to enhance its data and analytics capabilities to enhance monitoring of the UK’s financial sector.

UK regulators release proposals for operational resilience

UK regulators have released a shared policy summary on new requirements to strengthen operational resilience in the financial services sector.

Regulators must punish traditional and challenger banks harsher to avoid IT...

British lawmakers have had enough of banks’ IT problems and urge regulators to become stricter in the future, punishing those that fail to live up to expectations.

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