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Why data lineage is key to regulatory reporting
Last year, the Bank of England (BoE) renewed its call for financial institutions to strengthen their data governance and reporting frameworks. In a communication...
Bank of England sets rules for systemic stablecoins
The Bank of England has launched a consultation outlining its proposed regulatory framework for sterling-denominated systemic stablecoins.
The move marks a major milestone in shaping...
Bank of England flags threat of sharp AI market slump
Global financial markets could face a sharp correction if investor confidence falters in AI or in the independence of the U.S. Federal Reserve (Fed),...
BoE governor calls for AI to strengthen supervision
Bank of England governor Andrew Bailey has said AI could play a vital role in helping regulators detect hidden risks within the financial services...
Bank of England explores gilt repo market reforms
The Bank of England has published a new discussion paper examining ways to strengthen the resilience of the UK’s gilt repo market, working closely...
PRA plans simpler mortgage rules for mid-size lenders
The PRA has published a discussion paper setting out potential changes to the capital requirements regime for residential mortgages, with the goal of helping...
EMIR reporting reforms: What firms must know now
UK regulators are stepping up efforts to refine derivatives reporting requirements under the European Market Infrastructure Regulation (EMIR) Refit. The Financial Conduct Authority (FCA)...
Vocalink hit with £11.9m fine over risk failures
The Bank of England has imposed an £11.9m fine on Vocalink Limited after the company failed to meet compliance obligations under section 196 of...
UK regulators revise MoU to streamline payments oversight
UK financial regulators have renewed their commitment to better coordination in the fast-evolving payments sector through an updated Memorandum of Understanding (MoU).
According to Finextra,...
BoE tests AI to detect novel fraud in real time
The Bank of England (BoE), in collaboration with the BIS Innovation Hub in London, has conducted a pioneering experiment using AI to detect fraud in retail payment systems.
