Bank of England
Cloud adoption boosts small bank market share and depositor welfare
Cloud outsourcing reduces technological barriers in banking, driving deposit growth for smaller UK institutions and raising depositor welfare by 11.2 percent, according to a Bank of England working paper.
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UK daily FX turnover hits record $4.61 trillion in April 2026
Average daily UK foreign exchange turnover reached a record high of $4,609 billion in April 2026, according to the Bank of England's semi-annual survey.
Form BN reporting maintained after ONS national accounts feedback
The Bank of England has paused plans to discontinue Form BN data collection following consultation feedback from the Office for National Statistics.
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Roundtable set for September on UK captive insurance framework
The Prudential Regulation Authority will hold a hybrid industry roundtable on 17 September 2026 to discuss proposals for a tailored UK captive insurance regime set out in CP11/26. Registration closes on 4 September 2026, ahead of the consultation deadline on 14 October 2026.
AI contagion and provider concentration create financial system risks
The Bank of England and FCA's AI Consortium analyzed systemic risks from rapid artificial intelligence adoption during its fourth quarterly meeting.
Nicholas Segal and Peter King to lead EDMC
The Bank of England has appointed Nicholas Segal as Chair and Peter King as Deputy Chair of its Enforcement Decision Making Committee, effective 1 August 2026.
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PRA sets out captive insurance regime and capital buffer rules
The Prudential Regulation Authority published its July 2026 digest, introducing proposals for a tailored captive insurance regime and clarifying the releasability of capital buffers during systemic stress.
Market survey expects Bank Rate at 3.75 percent through 2026
A Bank of England survey of 78 market participants shows a median expectation for Bank Rate to remain at 3.75 percent through December 2026 before declining to 3.25 percent over the long term.
Court approves 66 million pound dividend and 3 percent levy cap
The Bank of England's Court of Directors has approved the 2025/26 Annual Report, authorizing a £66 million dividend payment in lieu to HM Treasury.
Bank Rate held at 3.75 percent in 6–3 vote as energy risks persist
The Bank of England's Monetary Policy Committee voted 6–3 to maintain Bank Rate at 3.75 percent, with three members favoring a 25 basis point increase.
Bank Rate held at 3.75 percent as energy risks prompt 6-3 split
The Bank of England's Monetary Policy Committee voted 6-3 to maintain the Bank Rate at 3.75 percent.
Prudential rule updates clarify capital buffers and consolidation
The Prudential Regulation Authority has finalized policy on low-impact amendments to its Rulebook and technical standards following public consultation.