Bank of England

In November 2020, Her Majesty’s Treasury (HMT), the Bank of England and the Financial Conduct Authority (FCA) announced the creation of an industry-led Working Group on Productive Finance.

Exchange of letters between the Governor and the Chancellor

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting

At its meeting ending on 5 May 2021, the MPC voted for the Bank of England to continue with its existing programme of UK government bond purchases, financed by the issuance of central bank reserves, maintaining the target for the stock of these purchases at £875 billion.

The Wholesale Distribution Steering Group have the objective of overseeing the design of a new end-state model for wholesale cash distribution. This is to support the UK in an environment of declining cash volumes.

The second technical expert group (TEG) meeting

The Prudential Regulation Authority publishes options for discussion on changes to the way small, non-systemic banks and building societies are regulated.

The Bank’s Court of Directors acts as a unitary board, setting the organisation’s strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

The Bank of England (BoE) has entered into a facility with the Bank for International Settlements (BIS) to ensure the provision of Sterling liquidity during any future periods of market stress, complementing the BoE’s existing established network of standing bilateral swap lines.

The Bank of England, in co-ordination with other central banks, has decided to discontinue the 84-day maturity operations which provide liquidity via the standing U.S. dollar liquidity swap line arrangements.