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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.

Bank of England highlights AI’s potential threats to financial stability

As the Bank of England's Financial Policy Committee scrutinizes the integration of advanced AI technologies in trading and investment activities, it has raised concerns about the stability of the financial system.

Bank of England and BIS unveil CBDC project

The Bank of England and the Bank of International Settlements (BIS), has successfully completed a collaborative project regarding CBDC.

Bank of England begins building out its CBDC team

The Bank of England (BofE) has begun hiring workers to develop its digital currency, according to PYMNTS.

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