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Items tagged with "BoE"

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PRA proposes more Insurance filings in XBRL

The Prudential Regulation Authority of the Bank of England is consulting through to early June on a format change for a number of insurance reporting submissions in order to align its Solvency II Quantitative Reporting Templates with a range of EIOPA data requirements. The UK’s regulatory authorities continue to work towards the standardisation of supervisory […]

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Regulators scrutinise Cryptos

Chairman of the global Financial Stability Board and Governor of the Bank of England, Mark Carney, was just one of the leading regulators around the world to call for new measures to reign in cryptocurrencies this week. Mr Carney warned that a range of crypto assets are exhibiting the “classic hallmarks of bubbles”. In a speech […]

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Risk.

BoE: Banks May Underestimate the Risks from Fintech

Britain’s banks may be overestimating their ability to insulate themselves from the impact of FinTech and Open Banking challenges to future profits. For the first time, as an additional part to standard stress testing, the Bank of England examined the major UK banks’ long‑term strategic responses to an extended low growth, low-interest rate environment with […]

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