Bank of England
BoE scenario: Severe global recession hits private markets
The Bank of England has published a hypothetical scenario outlining a severe global supply and geopolitical shock leading to a deep recession.
Focus
Global CCP default simulation tests client porting, finds friction
Thirty-eight central counterparties (CCPs) and their members conducted the largest-ever global default simulation in November 2025.
PRA launches final Basel 3.1 consultation on market-risk models
The Prudential Regulation Authority (PRA) has launched a consultation proposing adjustments to the Basel 3.1 internal model approach (IMA) for market risk.
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Travel restrictions cut global trade by 23% in 2020 Q2
A Bank of England working paper finds that Covid-19 travel restrictions significantly increased trade costs, reducing global trade by approximately 23% in 2020 Q2. The effects were heterogeneous, impacting closer partners and road/air transport more.
BOE Court addresses cyber threats, project governance, Leeds expansion
The Bank of England's Court of Directors met on April 23, 2026, to review updates on cyber security, project governance, and the expansion of its Leeds office.
Bailey cautious on inflation despite encouraging news
Andrew Bailey, Governor of the Bank of England, expressed cautious optimism regarding inflation despite recent encouraging news.
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Bank Rate maintained at 3.75 percent amid split vote
The Bank of England's Monetary Policy Committee voted 7–2 to maintain Bank Rate at 3.75 percent.
RTGS/CHAPS forum details 24/7 settlement, API plans
The Bank of England's first RTGS CHAPS Industry Forum met to discuss strategic issues for the live operation and future change roadmap of its RTGS and CHAPS services.
Khan: UK captive regime 'coming home' with new consultation
Shoib Khan of the Bank of England's PRA announced plans for a consultation paper on a new UK captive insurance regime.
BoE recommends wildlife shortlist for Series H banknotes
The Bank of England's Banknote Imagery Advisory Group has recommended a shortlist of UK wildlife for the Series H banknotes.
Bank of England panel shortlists wildlife for new banknotes
An expert panel for the Bank of England met on March 10, 2026, to discuss criteria for shortlisting UK wildlife for new banknote imagery.
Payment system operators face new resilience requirements
The Bank of England has published a Supervisory Statement outlining its expectations for operational resilience for recognized payment system operators and specified service providers.