Bank of England

• Interest rates

  British lenders brace for negative rates floated by central bank

  British banks are confronting the European import of subzero interest rates that could damage profits already weakened by the coronavirus pandemic as the Brexit divorce rumbles toward its rocky end.

  May 21

  
• Stress tests

  Fed stress tests will incorporate 'current events,' Quarles says

  The agency's top supervisory official said the Comprehensive Capital Analysis and Review will proceed on schedule, and signaled that the Fed will look at how institutions are responding to fallout from the coronavirus.

  By Hannah Lang

  April 13

  
• Small business lending

  Five lenders withdraw from U.K.'s coronavirus rescue plan

  The firms say they can't handle crushing loan demand from small and medium-sized businesses.

  April 1

  
• Capital

  ECB will let banks run lower capital levels to deal with virus

  The move come a day after the Bank of England cut rates and introduced a series of emergency measures, including capital requirements and a lending program for smaller companies.

  March 12

  
• Digital currencies

  Central banks team up to study case for digital currencies

  The body will include the Bank of England, Bank of Canada, the Bank of Japan and the European Central Bank, but not the Federal Reserve or the People's Bank of China.

  January 21

  
• LIBOR

  ‘It’s game time’: Libor transition to pick up steam in new year

  Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.

  By John Heltman

  December 29

  
• Climate change

  U.K. banks to undergo stress tests for climate change

  The Bank of England will examine banks' and insurers' exposure to global warming and risks associated with any transition to a lower-carbon economy.

  December 18

  
• Compliance

  Citigroup hit with record U.K. fine for incorrect reporting

  The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

  November 26

  
• Leveraged loans

  What to make of banks’ growing exposure to leveraged loans

  Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate.

  By Andy Peters

  August 8

  
• Penalties and fines

  BoE's Carney says jail for bankers a bluff, hitting pay is best weapon

  Bank of England Governor Mark Carney said threats of jail for bankers are just a bluff and the real weapon to improve behavior is hitting pay packets.

  January 24

  

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