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UK Financial Regulators Introduce New Rules for Critical Third-Party Risks
- The additional authority will enable regulators to oversee third-party services that may impact financial stability.
- The rules align with international standards, such as the EU’s Digital Operational Resilience Act.
Tuesday, 12/11/2024 | 11:01 GMT by
Tareq Sikder
UK's FX Market Soars 14% in April, Driven by Rising Swap Trades
- Bank of England's survey showed a daily turnover of $3,351 billion in April 2024, an 11% increase from April 2023.
- FX swaps accounted for 45% of the total trading volume in April 2024, followed by FX spot trading at 29%.
Monday, 22/07/2024 | 18:47 GMT by
Jared Kirui
How a CBDC Could Reshape British Finance
- The Intrigue and Intricacies of a Digital Pound
Monday, 15/04/2024 | 16:00 GMT by
Pedro Ferreira
Amidst Industry Rejig, UK Regulator Approves First Long-Term Asset Fund
- The development dates back to finalization of rules for the new fund in October 2021.
- The FCA worked with BoE and HM Treasury to break a barrier against long-term asset investment.
Thursday, 09/03/2023 | 13:23 GMT by
Solomon Oladipupo
Governor BOE Appoints Martin Pluves as an External Member of the FMI Board
- Pluves previously served as CEO of LCH Limited.
Monday, 13/09/2021 | 12:46 GMT by
Bilal Jafar
Bank of England to Add CBDC Support to New Payment System
- The $195 million new system is expected to launch in 2022.
Thursday, 30/07/2020 | 16:01 GMT by
Arnab Shome
Bank of England Governor Warns Against Impact of CBDC on Fiat
- The BoE is currently looking into the feasibility of such a digital currency.
Thursday, 12/03/2020 | 13:38 GMT by
Arnab Shome
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