Bank of England

In his final Mansion House speech, Sam Woods reflects on the journey the UK financial sector has made since the Global Financial Crisis. He looks ahead to the future opportunities and risks on the horizon for the sector, before concluding with a warning that suggestions to remove assets from the bank capital regime could undermine the sector’s hard-won resilience. Read his speech here: https://lnkd.in/eDTzbUuU

💸 How does money shape identity, relationships, and life choices? 💭 Join English teacher and author Jenny Webb on 4th November at 4:00pm for a free webinar all about The Money Anthology – a collection of original short stories designed to spark conversations about money in the classroom. Perfect for teachers of all subjects who are looking to introduce financial education in a creative way! 🎓✨ Don’t miss out, register now! 🔗 https://lnkd.in/ecPeSaGB

Victoria Cleland shares the work undertaken by the Bank of England to modernise wholesale settlement using central bank money. She reflects on the Distributed Ledger Technology (DLT) Innovation Challenge, and unveils the Synchronisation Lab – a new dynamic space to explore how atomic settlement could benefit various markets and transaction types. This is an exciting new development that supports innovation while safeguarding stability. Interested to hear more about our Synchronisation Lab? Applications are now live and you can find out more on our website. Read Victoria's speech here: https://lnkd.in/eswj-bEs

Cyber-attacks remain a major threat to the financial sector. Our latest paper outlines effective practices observed across systemic firms and financial market infrastructures, highlighting the continued evolution of their cyber response and recovery capabilities. Key takeaways include: • How firms are simulating severe cyber scenarios to ensure they remain within impact tolerance and maintain delivery of important business services. • The importance of recovering core infrastructure, rapidly restoring data from immutable backups, and using effective, resilient communications following an attack. • Steps firms are taking to ensure third-party resilience capabilities match their own infrastructure, including the development of manual workarounds and alternative solutions. Firms are encouraged to review these practices and consider how they can strengthen their own resilience, thereby supporting the stability of the wider financial system. Read the paper here: https://lnkd.in/ebbSxrMb

In his speech today, Governor Andrew Bailey highlights lessons from economic history and what they can tell us about today. Read his speech here: https://lnkd.in/esF2BDYY

The Bank of England is reshaping the way it makes monetary policy. Our aim is to give greater consideration to a wider range of economic perspectives and analytical inputs. The economic environment has become more unstable, and it would be risky to rely overly on any single perspective or approach. So, we must place emphasis on different types of analysis and be flexible in our policymaking. Read our latest article to find out more: https://lnkd.in/eBm4DkQf

In this speech, Huw addresses three interrelated issues. First, he reviews the immediate economic outlook and its implications for monetary policy. He concludes that, while further cuts in Bank Rate over the coming year would follow from an evolution of the economic and inflation outlook broadly in line with what the MPC anticipates, it will continue to be important to guard against the risk of cutting rates either too far or too fast. On this basis, a more cautious pace of withdrawing monetary policy restriction than seen over the past year may be appropriate from here forward in order to ensure continuation of the disinflation process back towards the 2% target. Second, Huw reviews how the framework for monetary policy at the Bank of England is evolving in light of the recent Bernanke review. And third, he outlines some more concrete ideas about how that framework will evolve in the future. Read his speech here: https://lnkd.in/e3AAHrBa

Applications are open for the Synchronisation Lab – apply by 28 November. Synchronisation is a way to achieve atomic settlement in central bank money. It would leverage RT2 – the UK’s renewed RTGS service – and needs ‘synchronisation operators’ to orchestrate transactions. The Lab is the next step in our strategy to support safer, faster and more innovative wholesale settlement through building an RT2 synchronisation capability. It connects with initiatives such as the Digital Securities Sandbox, the DLT Innovation Challenge and our programme of wholesale experiments. We are inviting organisations interested in becoming a synchronisation operator to take part. Lab participants will: • test use cases in a dedicated, non-live environment • demonstrate how their solution meets user needs and would interact with RT2 • help shape the design of the future RT2 synchronisation capability We expect the Lab to launch in spring 2026 and run for six months. 👉 Learn more and apply: https://lnkd.in/efe7SVSn 🔍 Sign up for the applicant webinar: https://lnkd.in/eTXS2356

Sarah Breeden discusses the significant steps the Bank of England is taking to enable responsible innovation in finance in this period of profound technological change. She looks ahead to the Bank’s forthcoming consultation on its stablecoin regime to deliver their greater use in ‘real world’ payments, and the importance of active engagement with and by industry to drive the innovation we seek. Read her speech here: https://lnkd.in/eDXPzeVe