Search Results for: Bank of England
Financial Policy Committee statement from its policy meeting, 23 March 2016
March 29th, 2016
1. The Bank of England’s Financial Policy Committee (FPC) assesses the outlook for financial stability by identifying the risks faced by the financial system and weighing them against the resilience of the system. In doing so, its aim is to ...
The ECB and John Law
March 21st, 2016
Last week, the ECB extended its monetary madness, pushing deposit rates further into negative figures. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing the pace of acquisition to €80bn per month. The ...
Global regulators may propose rules for fintech: FSB’s Carney
February 29th, 2016
Global regulators may propose rules to prevent “fintech” innovations from destabilizing the broader financial system, the G20‘s Financial Stability Board said on Saturday. FSB Chairman Mark Carney said in a letter to central bankers and finance ministers from the ...
Tax rise risk from George Osborne’s ‘inflexible’ budget target
February 9th, 2016
Chancellor George Osborne’s “inflexible” budget surplus target may mean sudden tax rises or spending cuts, independent economists suggest. The Institute for Fiscal Studies (IFS) said that Mr Osborne’s pledge to run a budget surplus “in normal times” from 2019-20 ...
UK economy picks up at start of 2016
February 8th, 2016
Business activity rises at fastest rate for six months and in all regions, led by the West and East Midlands Wales maintains solid growth into New Year Employment continues to rise, and inflationary pressures remain low due to falling ...
China shares lower, but ‘real economy’ sound says state media
January 28th, 2016
China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai ...
Davos 2016: eight key themes for the World Economic Forum
January 19th, 2016
Political and business leaders gather at Swiss ski resort to discuss issues including robots, terrorism, migration and inequality The world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, ...
KPMG in hot water over HBOS collapse
December 16th, 2015
The “big four” auditing firm KPMG has found itself under renewed pressure over its role in signing off HBOS’s books in the years before the bank collapsed. The Bank of England/Financial Conduct Authority report did not specifically evaluate KPMG’s ...
UK inflation rate rises to 0.1% in November
December 15th, 2015
The UK’s inflation rate as measured by the Consumer Prices Index rose to 0.1% in November for the first time in four months, official figures show. The rate as measured by the Consumer Prices Index rose to 0.1%, the Office ...
BBVA enters Britain with £45m Atom deal
November 24th, 2015
BBVA has become the most recent Spanish bank to make an entry into the British market, following in the footsteps of Sabadell and Santander. It bought a 29.5% stake in Atom to become the single-largest shareholder in UK’s first ...
