The Bank of England (BoE) has published details of the 2024 supervisory stress test (SST) of UK central counterparties (CCPs). It will focus on two analytical components: the credit stress test and the credit reverse stress test. The clearing services of all three UK authorised CCPs (ICE Clear Europe Limited, LCH Limited, and LME Clear Limited) will be in scope of the exercise. They will be required to submit the relevant data using data templates and instructions provided privately to them. The BoE will then undertake the relevant analysis and intends to publish a results report in Q4 2024.

The Bank of England (BoE) has published an article exploring how financial institutions can use scenario analysis to quantify climate change risks. It focuses on how financial institutions can extend macro-climate scenarios to undertake granular asset-level analysis of financial risks, drawing on examples across sovereign bonds, corporate bonds and residential mortgages.

The Bank of England (BoE) has published Quarterly Bulletin 2020 Q2, which contains an article on the current large exposure (LE) regime in the UK and how it has evolved over time to become a key element of financial services regulation. It addresses key concepts such as how the LE framework treats a group of connected counterparties and how banks calculate total exposures to a counterparty.

Law360, London: Andrew Bailey told the Treasury Committee on 22 July 2025 that they would speak out if the Treasury tries too hard to deregulate the financial services industry, adding that bank ring-fencing must remain in place.

The Bank of England (BoE) has published its final report on their system-wide exploratory scenario (SWES) exercise, which explores how the UK financial system would respond to a market shock. It is the first exercise of its kind globally, and aims to enhance understanding of the risks from non-bank financial institutions (NBFIs) and how their behaviours can amplify shocks in markets core to UK financial stability.

The Bank of England (BoE) has confirmed that the previously announced increase to the minimum spread over Bank Rate on bids against Level A collateral in the Indexed Long-Term Repo (ILTR) operation will take effect from 17 November 2025. The first operation applying the new rate will be held on 18 November 2025. The BoE had announced in June 2025 its intention to raise the spread from zero basis points to three basis points, and this update now confirms the effective date.

The Bank of England (BoE) has launched a consultation on its proposed supervisory fees for financial market infrastructures (FMIs) for the 2025/26 fee year. The consultation paper outlines the BoE’s approach to recovering costs associated with FMI supervision and policy development, including work on rulebooks for central counterparties (CCPs) and central securities depositories (CSDs). The consultation closes on 9 December 2025.

The Bank of England (BoE) is consulting on proposed changes to its statement of policy on setting the minimum requirement for own funds and eligible liabilities (the MREL SoP). Responses are requested by 15 January 2025; subject to the consultation outcome, the BoE proposes implementing these changes from January 2026.

The Bank of England (BoE) is consulting on proposed changes to statements of policy and procedure (SoPP) on enforcement following the Financial Services and Markets Act 2023 (FSMA 2023). Responses are sought by 28 June 2024. The proposed implementation date would be Q4 2024, after the BoE has considered the responses.

The Bank of England (BoE) is consulting on key elements of the UK’s future regulatory framework for central counterparties (CCPs), including proposals to restate certain requirements for CCPs in the UK European Market Infrastructure Regulation (UK EMIR) in BoE rules, together with targeted policy changes. Alongside, the BoE has published a supervisory statement (SS) on CCP margin; a consultation paper and draft statements of policy (SoPs) on its approach to supervisory processes and the use of rule permissions and waivers; and draft statements of policy for subject-specific permissions. Responses to both consultations are sought by 18 November 2025.

The Bank of England (BoE) has published a consultation paper (CP) setting out its proposed policy for exercising its power to direct a central counterparty (CCP) to address impediments to effective exercise of the stabilisation powers (resolvability) under paragraph 2, Schedule 11 to the Financial Services and Markets Act 2023. The purpose of the CP is to describe the context of the new power and to consult on the BoE’s draft statement of policy (SoP) ‘The Bank’s power to direct a CCP to address impediments to resolvability’, as set out in the appendix. Responses are sought by 18 October 2024.

The Bank of England (BoE) has published a speech delivered at The City UK by its financial stability strategy and risk executive director, Nathanaël Benjamin, on its new approach to stress testing banks, and developments in stress tests of other parts of the financial sector. The new approach combines regular stress testing for cyclical risks with the flexibility to explore different risks. It consists of three key components: biennial Bank Capital Stress Tests involving bank submissions, less burdensome desk-based exercises in intervening years, and exploratory exercises for structural and emerging risks.