Trends - Bank of England - Business Recorder

Markets

BoE's Bailey says now is the time to plan for post-Libor era

Bailey acknowledged there had been calls to step back from the Libor transition as a priority because of the shock to global financials markets caused by the coronavirus crisis.
But in my view, what we saw in financial markets in March in response to the shock of Covid only reinforces the importance of removing the financial system's dependence on Libor in a timely way.

Published 13 Jul, 2020 09:05pm

Business & Finance

"The highest level of uncertainty remains around business interruption," she told a City & Financial online event.
"A number of insurers are taking steps to make sure there is no ambiguity about who is and isn't covered for a second wave," Sweeney said.

Published 08 Jul, 2020 05:39pm

Business & Finance

"It is early days, but my reading of the evidence is so far, so V," Haldane said in a speech delivered online.
The recovery in Britain and global economies had come "sooner and faster than any other mainstream macroeconomic forecaster.

Published 30 Jun, 2020 06:59pm

Markets

The guide drawn up by the Climate Financial Risk Forum (CFRF), which was set up by the BoE and Britain's Financial Conduct Authority last year.
"It's much easier said than done. It takes time to develop," Breeden told an online launch event for the guide.

Published 29 Jun, 2020 07:02pm

Business & Finance

Published 22 Jun, 2020 07:06pm

Business & Finance

As an institution, the Bank of England was never itself directly involved in the slave trade.
The Bank has commenced a thorough review of its collection of images of former Governors.

Published 18 Jun, 2020 10:59pm

Business & Finance

"Our analysis showed that the sector was robust to downside stresses, with the highest uncertainty centred on certain general insurers' liabilities - particularly those arising from business interruption claims.
"We expect boards to assess whether the

Published 18 Jun, 2020 12:40am

Business & Finance

The BoE is expected to announce a fresh increase of at least 100 billion pounds ($126 billion) in its bond-buying firepower next week.

Published 12 Jun, 2020 07:02pm

Business & Finance

Published 11 Jun, 2020 03:58pm

Business & Finance

Bailey held a conference call on Tuesday with Britain's biggest lenders in which he emphasised that they needed to step up their plans for a no-deal Brexit, Sky said.
Britain's financial services minister John Glen said on Wednesday that the country

Published 03 Jun, 2020 03:48pm

Business & Finance

Last week's repo allocated just 5 million pounds of demand, down from a peak of 7.2 billion pounds in March.

Published 02 Jun, 2020 03:45pm