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.
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
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.
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.
The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market
Carney played a key role in steering the UK economy through Brexit and the early stages of the pandemic before Andrew Bailey took over as governor. | ITV National News
In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.