Posts Tagged ‘Bank of England’
Bank of England’s RTGS, CHAPS ‘settling normally’ following outage
The central bank’s payment and clearing systems were both hit by a “technical issue” on 14 August.
Read MoreRegulators need to create ‘right commercial incentives’ to drive Open Banking take-up
Speaking at a Westminster Business Forum policy conference, Lucy Beverley, director, economics, competition and regulatory finance at KPMG, talked about regulation keeping pace with innovation in UK payment services.
Read MoreBoE leaders to give evidence to Treasury Committee on SVB UK rescue
Bank of England Governor Andrew Bailey will appear before the cross-party committee later this month to answer a series of questions.
Read MoreSilicon Valley Bank: ‘Rapid demise’ accelerated by having single client type
Tech companies should “reduce over-reliance” on one type of provider following the collapse of Silicon Valley Bank and add to their “financial stack”, according to Payhawk chief executive Hristo Borisov.
Read MoreHSBC rescues UK arm of Silicon Valley Bank in £1 acquisition
The rescue deal, which was facilitated by the UK Government and Bank of England, safeguards SVB UK’s customers’ deposits.
Read MoreFintech PEXA completes UK’s first digitised remortgage transaction
The transaction was undertaken by Hinckley & Rugby Building Society and law firm Muve using PEXA Pay, and suggests that same-day remortgaging in the UK could be made possible.
Read MoreInsight: Creating harmony through common standards
Finastra’s Abhishek Sharma writes about the implementation challenges banks need to overcome before they can reap the benefits of ISO 20022.
Read MoreCentral banks ‘spurred’ by Facebook’s Libra to explore CBDCs
Speakers during the first panel session of Open Banking Expo’s CBDC Confex said that the prospect of a cryptocurrency being launched by the social media giant “piqued” central bank interest.
Read MoreQ&A: Digital Pound Foundation’s Jim Ford on taking CBDCs mainstream
Jim Ford, payments consultant at Digital Pound Foundation, reveals what needs to happen for CBDCs to become part of mainstream finance.
Read MoreHouse of Lords Committee casts doubt on benefits of UK retail CBDC
In a report, the Economic Affairs Committee concluded there is ‘no convincing case’ for a digital pound, highlighting the ‘significant’ challenges for financial stability and the protection of privacy.
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