The Bank of England (BoE) has published a design note on the blueprint framework for a potential digital pound.  The design note identifies key components the BoE and HM Treasury (HMT) will explore in developing a blueprint of the proposed model and design of a potential digital pound and will form the basis for assessing the benefits and costs. The BoE welcomes feedback on the considerations set out in the design note.

The Bank of England (BoE) has published two design notes and a progress update as part of its work on the digital pound. The design notes cover offline payments and alias services, while the update outlines recent developments in the digital pound blueprint.

The Bank of England (BoE) has published two digital pound design notes, one dealing with product strategy and the other dealing with interoperability models for UK based payments. Design notes set out the BoE’s emerging thinking on specific topics related to a digital pound. These notes explore matters the BoE is considering during the design phase for a digital pound, on which it wishes to give stakeholders visibility of our emerging thinking.

The Bank of England (BoE) has published a discussion paper examining the effectiveness and impact of potential reforms to the UK gilt repo market, developed in consultation with the Financial Conduct Authority (FCA), HM Treasury (HMT) and the UK Debt Management Office (DMO). The paper focuses on two key proposals: greater central clearing of gilt repo transactions and minimum haircuts on non-centrally cleared trades. The discussion paper highlights the role of the gilt repo market in supporting financial stability, liquidity management and monetary policy transmission. It identifies vulnerabilities such as limited dealer intermediation capacity during stress, zero or near-zero haircuts, and the build-up of leveraged positions. Responses are sought by 28 November 2025.

The Bank of England (BoE) has published two discussion papers on whether and how it should make changes to its real time gross settlement (RTGS) service in order to make the most of technical functionalities in its new core ledger settlement engine, coming later in 2024. The new system has the capability to operate longer settlement hours than the current 12x5, and will also have capacity to support broader participation. Responses to both discussion papers are sought by 30 April 2024.

The Bank of England (BoE) has published the 2024 external MRELs (minimum requirement for own funds and eligible liabilities) for all firms with a resolution entity incorporated in the UK for which a MREL above minimum capital requirements has been communicated. The BoE has also set out its approach to MREL disclosure, including supporting assumptions and firm-specific information for bail-in and partial transfer preferred resolution strategy firms.

The Bank of England (BoE) has published a policy statement (PS) providing feedback to responses to its December 2023 consultation paper (CP) on its proposed approach to statutory notice decisions for use of its requirements powers in relation to its role as the UK’s regulator for central counterparties (CCPs) and central securities depositories (CSDs). The PS includes the BoE’s final statement of policy (SoP) on its approach to making statutory notice decisions for the use of its requirements powers under section 55L(3) and (5) of the Financial Services and Markets Act 2000 (FSMA 2000) as amended by the Financial Services and Markets Act 2023 (FSMA 2023). The SoP will enter into effect from 23 May 2024.

The Bank of England (BoE) has published a policy statement (PS) and a supervisory statement (SS) on its Fundamental Rules for financial market infrastructure (FMI) firms. The rules set out the outcomes that the BoE expects from FMIs, including with regard to their financial resources, operational resilience and the actions they should take to understand and manage the risk they may pose to the stability of the financial system. The BoE has also published its supervisory approach to onboarding new FMI firms that fall within its regulatory remit.

The Bank of England (BoE) has published minutes from the London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-Committee meeting on 4 March 2021. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators. Discussion points included diversity and inclusion in the FX market, legal and regulatory issues, and progressing the FX Global Code (Code) three-year review.

The Bank of England (BoE) has published Financial Stability in Focus, setting out the Financial Policy Committee (FPC)’s macroprudential approach to operational resilience, along with the Financial Policy Summary and Record for March 2024. The BoE has also published the biannual Systemic Risk Survey, which quantifies and tracks market participants’ views of risks to, and their confidence in, the stability of the UK financial system.

The Bank of England (BoE) has published a policy statement (PS) providing feedback to responses to its consultation paper (CP) on its proposed approach to its power to temporarily restrict or prohibit discretionary payments to employees or shareholders of recognised UK central counterparties (CCPs) in severe circumstances. A final statement of policy (SoP) is included in the annex. The final SoP will enter into effect from 16 February 2024. The BoE will be able to use the power from this date.

The Bank of England (BoE) has issued a policy statement on its fees regime for UK financial market infrastructures (FMIs), encompassing UK central securities depositories (CSDs), recognised payment systems and specified service providers to recognised payment systems.