Crowdfunding Helping Small UK B2B Firms Secure Needed Cash
The Funding for Lending Scheme (FLS), which the Bank of England and HM Treasury (the UK’s economic and finance ministry) launched in July 2012 to motivate banks to boost their lending, has done little...
View ArticleWhat One UK Agency Spends Using P-Cards
The United Kingdom’s Foreign and Commonwealth Office, whose purpose is to support the country’s interests overseas and is responsible for safeguarding the UK’s national security, has lots of...
View ArticleAfter Huge Payment Glitch, Govt Cracks Down On Bank Of England
British banking authorities are pressuring the Bank of England to offer far more details about its ten-hour breakdown on Monday (Oct. 20) of the UK’s high value payments system, CHAPS, Finextra is...
View ArticleCould The Blockchain’s Bitcoin Bump Out Cash?
With all the chatter about blockchain technology, blockchain-based digital currencies and their potential impact on the mainstream financial system, perhaps it shouldn’t be so surprising that the Bank...
View ArticleDiffering Views Of Central Banks And Markets
The volatility in equities and commodities thus far this year is not necessarily indicative of a change in the global economic outlook, Mark Carney, governor of the Bank of England, said Thursday (Jan....
View ArticleBank of England Releases Plastic Money
The Bank of England unveiled its first plastic banknote on Thursday (June 2), which is a polymer £5 bill sporting an image of Sir Winston Churchill. The move to offer a plastic note is a significant...
View ArticleBoE Opens Brexit Lending Relief Value
The Bank of England, amid the volatility in world markets following the surprise and shock of the Brexit vote last month, has now moved to shore up England’s economic wellbeing, pulling back on bank...
View ArticleBoE Backs Banks’ Push To Ease Capital Regulation
Banks around the world are crying foul over the new leverage ratio rule that is being finalized by the Basel Committee. And Bank of England just joined their corner, stating that the final regulation...
View ArticleUK Lawmakers Want A New Bank Regulator — Again
The U.K. Parliament’s Treasury Committee released its report on the effectiveness of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) this week, criticizing the...
View ArticleFormer BoE Governor Says Single Market Doesn’t Mesh With Brexit
A former governor of the Bank of England called on Britain to stop thinking Brexit meshes with staying in the European Union’s single market and argued there are opportunities by leaving the EU....
View ArticleBank Of England Taps Startup Anomali To Reduce Cyberthreats
Anomali, the FinTech startup that was part of the Bank of England’s accelerator program, has been tapped by the Bank of England to help it monitor and reduce cyberthreats. According to a report,...
View ArticleCFPB Arbitration Rule Dominates Regulatory News
No surprise, perhaps, but the biggest news to emanate out of the payments realm in terms of regulations and legal impact, came from the Consumer Financial Protection Bureau (CFPB). The Bureau, of...
View ArticleCFOs’ Strategic Planning Left Unchanged With Brexit So Far
There have been mixed messages about the impact Brexit has, or may have, on small- and mid-sized businesses (SMBs) in the U.K. From rising insolvency rates to negative consequences from FX volatility,...
View ArticleNew Law Will Force UK Clearing Houses To Complete Regular Cybersecurity Reports
Legislation expected to be introduced in May 2018 will require U.K. clearing houses to complete regular cybersecurity reports, moving regulation closer to current EU directives around critical...
View ArticleVisa Names Bank Of England Executive To Head European Operations
Payments processor Visa announced Thursday (Sept. 7) it has named Charlotte Hogg as the new executive vice president and chief executive officer of its European operations. In a press release, Visa...
View ArticleUK’s New Payment Systems To Be Delivered By Year’s End
The Payment Systems Regulator (PSR) and Bank of England (BoE) announced Wednesday (Sept. 13) that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to meet a mandate...
View ArticleBank Of England Sees Brexit As Threat To Lending
As Brexit looms ever closer, Reuters reports, the departure of Britain from the European Union (EU) means that British companies may find it tough to get loans from European banks. The newswire said on...
View ArticleBank Of England Says Cash Still Reigns Supreme In UK
Digital payments and cryptocurrencies like bitcoin may be getting all the attention, but that doesn’t mean cash doesn’t still reign supreme. At least, that’s the case in England anyway, with Bank of...
View ArticleBank of England Governor Says Banks Overstate Their Shield Against FinTechs
The Bank of England (BoE) warned Tuesday (Nov. 28) that U.K.-based banks may be doing some boasting when they say they can stop FinTechs from stealing customers and profits, but in reality, it could be...
View ArticleBitcoin Daily: AOL Co-Founder And BoE Governor Next To Call Out Bitcoin Bubble
Add to the growing chorus of those who warn of an imminent bitcoin bubble a few prominent names in tech, the regulatory environment and beyond. In the latest daily roundup are a few observers who have...
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