Bank of England
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.
Focus
Updated capital buffer rules apply to large UK lenders
The Prudential Regulation Authority has published an updated Statement of Policy on implementing the other systemically important institutions buffer.
Updated criteria set for systemically important institutions
The Prudential Regulation Authority has updated Statement of Policy 1/16 on identifying other systemically important institutions.
Latest
Solvency UK reporting updates ease own funds permission rules
The Prudential Regulation Authority has finalized Solvency UK reporting amendments and updated own funds permissions in Policy Statement PS18/26. All policy changes and corresponding taxonomy updates will take effect for reporting reference dates on or after December 31, 2026.
Updated framework for Solvency II technical data takes effect
The Prudential Regulation Authority has published an updated Statement of Policy on its approach to publishing Solvency II technical information.
Governor Bailey defends bank cyber defenses against AI critique
Bank of England Governor Andrew Bailey defended the central bank's cyber defenses in a July 23 letter to the Daily Mail, warning that frontier AI poses broader systemic risks to the financial sector.
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Friendly society amalgamations get clearer transfer guidance
The Prudential Regulation Authority has published a consultation paper proposing clearer guidance and a structured process for friendly society amalgamations and transfers under Part VIII of the Friendly Societies Act 1992.
Bank of England ensures money's core functions in economy
Nathanaël Benjamin, Executive Director for Financial Stability Strategy and Risk at the Bank of England, outlined how the central bank's activities ensure money effectively performs its three core functions in the economy.
Fan charts mitigate de-anchoring of inflation expectations
A new Bank of England working paper finds that communicating forecast uncertainty via fan charts helps stabilize public inflation expectations.
Oil shocks amplify UK inflation above 3.1% threshold
A new Bank of England paper identifies inflation thresholds in the UK, finding that dynamics change once year-on-year CPI inflation rises above 3.1 percent.
Behavioral expectations improve DSGE/HANK model accuracy
A new Bank of England working paper introduces a flexible method to incorporate behavioral expectations into DSGE and HANK models.
Iran war drives UK curve risk premia, not rate hikes
Bank of England staff estimated a term structure model to separate near-term risk premia from central expectations for Bank Rate.