The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.
The Bank of England (BoE) is open to discussions with Britain's government about new ways to help boost economic growth by paring back regulatory requirements for the financial services industry, Deputy Governor Sam Woods said on Monday.
The Bank of England has vowed to slash “bureaucratic” red tape and unleash a “leaner, meaner” City with more appetite for risk...
The Bank of England’s top financial supervisor has announced plans to ease the burden of its rules on banks and insurers, saying changes can be made without unleashing “a race to the bottom” on financial regulation.
Then-Bank of England Governor Mark Carney advocated lowering interest rates to near zero to counter the economic shock of Brexit before relenting to maintain consensus among policymakers, according to newly released transcripts.
Carney reportedly saw the Bank of England position as a stepping stone for his political ambitions in Canada when Trudeau stood down.
UK central bankers met the impact of the EU referendum with humour, as well as rate cuts, according to newly released transcripts.
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market
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In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market
Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.