The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have reviewed their MoU setting out the high-level framework they use to co-operate in relation to payment systems in the UK, concluding that the MoU is working well. The Financial Services (Banking Reform) Act 2013 requires them to review the MoU annually. During 2023, the authorities carried out their eighth such review.

The Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have jointly published guidance highlighting effective cyber response and recovery practices identified across systemic firms and financial market infrastructures. The regulators encourage all firms and financial market infrastructures to review these practices and consider how they can strengthen their own operational resilience to support the stability of the wider financial system.

The Bank of England (BoE) has published a speech delivered by its governor, Andrew Bailey, reflecting on the financial system reforms implemented since the 2008 financial crisis and addressing current challenges to the regulatory framework. Bailey outlined three major changes in financial intermediation: rebalancing non-bank finance, increased interconnection between banks and non-banks through activities such as prime brokerage, and growth of crypto assets.

The Bank of England (BoE) has issued a speech by its governor, Andrew Bailey, on the future of money and payments, emphasising the need for modernisation and harnessing digital technology, and addressing the role of central bank and commercial bank money, the significance of innovation, and the potential for a retail Central Bank Digital Currency (CBDC).

The Bank of England's (BoE) Financial Policy Committee (FPC) has published its financial stability report, setting out the FPC’s view on the stability of the UK financial system and the actions it is taking to remove or reduce any risks to it.

The Bank of England (BoE) has published a speech by its executive director for financial stability, Sarah Breeden, on how it seeks to deliver trust and support innovation, both as a provider and as a regulator of retail and wholesale money. Breeden discusses the first-order threats and opportunities facing central banks and the private sector. The BoE plans to publish a discussion paper on wholesale payments and the importance of payments innovation by banks in summer 2024.

The Bank of England (BoE) has published a speech by its executive director of financial market infrastructure (FMI), Sasha Mills, in which she discussed how recent innovations in digital assets and payments pose both opportunities and risks to the BoE in meeting its monetary and financial stability objectives. Mills highlighted the BoE’s recent work on innovation, including its discussion paper on its approach to innovation in money and payments, the launch of the Digital Securities Sandbox (DSS), and experiments on wholesale payments.

The Bank of England (BoE) has published a speech by its executive director of financial market infrastructure (FMI), Sasha Mills, on operational resilience, ahead of the March 2025 deadline for FMIs to meet the BoE’s Operational Resilience Policy. Mills discussed the key principles of the policy for FMIs and priorities for FMI operational resilience ahead of March 2025.

The Bank of England (BoE) has published a speech by its executive director for financial markets infrastructures, Sasha Mills, discussing how innovation in wholesale financial markets, such as tokenisation and programmable platforms, could revolutionise post-trade processes, making them faster, cheaper, and more efficient. The BoE is also exploring ways to maintain central bank money as a settlement asset for digital transactions, including plans for experiments on synchronisation and wholesale central bank digital currency.

The Bank of England (BoE) has published a speech by its executive director for payments, Victoria Cleland, in which she provided an update on the Future Roadmap for the BoE’s Real Time Gross Settlement (RTGS) service. Cleland highlighted how close engagement with users is supporting innovation in a number of key areas, and said future developments could include enhanced access, extended settlement hours and innovative synchronised payments.

The Bank of England (BoE) has published a speech by its executive director for banking, payments and innovation, Victoria Cleland, in which she discussed the Real Time Gross Settlement (RTGS) service, and how the BoE is enhancing its core payments infrastructure and policies in the light of the opportunities arising from innovation and new technologies in the payment landscape. The BoE will publish a discussion paper in February 2024 to seek industry views on a number of areas of potential enhancements.

The Bank of England (BoE) has published a speech by its executive director for payments, Victoria Cleland, in which she discussed the benefits Legal Entity Identifiers (LEI) could enable for payments, the role that they can play in enhancing cross-border payments, and steps that could be taken to drive their uptake and use.