Bank of England stories

Manchester’s fintech sector, now worth over GBP £1 billion annually, hosts FinTech North’s conference highlighting innovation, diversity, and growth in the region.

UK digital asset investments have shifted to institutional platforms, now capturing over 70% of funding with GBP £2.7 billion raised since 2015.

Major UK and US firms have reduced forex hedging amid policy uncertainty, but most plan to increase it significantly if interest rates rise in 2026.

US and UK finance leaders cut FX hedging to lowest levels since 2024 start, but most will increase cover if interest rates rise next year.

A new machine learning model forecasts corporate credit rating changes early, aiding investors in managing risks amid rising borrowing costs.

Canadian tech and finance leaders call for open banking reforms and streamlined regulations to boost innovation ahead of the federal budget announcement.

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

UK firms advised to combine agility and discipline in 2026 amid modest growth, tech advances, ESG focus, and evolving workforce and regulations.

A study reveals UK banks average 65 days to update base rates and over six months to launch new features, slowing innovation amid rising customer expectations.

The CMORG AI Taskforce, with City of London and UK Finance, publishes new AI Baseline Guidance to help financial firms manage generative AI risks across operations and compliance.

Latos has unveiled plans for small-scale volumetric data centres at the network edge, designed to bolster AI applications and enhance computing capacity across the UK.

With inflation rising, 54% of British consumers plan to take advantage of Black Friday and Cyber Monday for their average Christmas budget of GBP £352.

Encompass has joined the Financial Markets Standards Board as an Associate Member, enhancing efforts to improve financial market standards.

Only 20.8% of finance professionals have stressed exit plans with suppliers, despite DORA recommendations, highlighting a key vulnerability exposed by a recent CrowdStrike outage.

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

The Ashdown Group's 2024 IT Salary Guide reveals a 27% drop in job posts amid economic slowdown, but optimism rises with potential Bank of England rate cuts.

The Bank of England and Code Institute advocate for artificial intelligence as a catalyst for job generation, urging developers to tap into the soaring demand for AI skills.

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.

Bank of England Governor, Andrew Bailey, defies cynicism surrounding AI, predicting AI's potential for job creation and efficiency over elimination in the UK economy.