Tag: bank of england
SmartSave reaps the rewards of higher interest rates
SmartSave, UK digital bank Chetwood Financial‘s saving proposition, has doubled last year’s deposit milestone by reaching a total of more than £2bn in direct...
UK digital securities sandbox called on by regulators for feedback from...
Having launched the country’s first digital securities sandbox (DSS) for the first time at the beginning of this year, UK regulators are now beginning...
Robinhood marks UK launch with iconic statue gesture
Stock market investment app Robinhood has unveiled a statue of Robin Hood aiming an arrow towards the Bank of England to mark its UK...
BofE works towards “data heaven” in seven step plan
The Bank of England has published a seven-step plan explaining how it is changing its data and analytics strategy as it works towards “data...
UK Treasury Secretary gives six month window for crypto-related regulations
Bim Afolami, Economic Secretary to the UK Treasury, has revealed that the UK government is “pushing very hard” to introduce formalised regulations surrounding cryptocurrency.
The...
UK inflation remains steady and fintech should pay close attention
UK businesses and consumers woke up to some surprisingly positive economic news today after what has felt like over a year of fiscal doom...
Questions arise over UK’s stablecoin regulation proposals
Leaders in the UK’s crypto and digital asset sector have raised some proposals regarding the Bank of England (BoE) and the Financial Conduct Authority’s...
HSBC hit with £57.4m fine for depositor protection failures
One of the UK’s largest banks has been fined £57.4m by the Prudential Regulation Authority (PRA) for failing to meet the Bank of England’s...
UK Treasury and BofE move into phase two of digital pound...
The UK Treasury and Bank of England ‘are convinced that further preparatory work’ on the creation of a digital pound is justified, even if...
UK Digital Security Sandbox regulations come into effect
The legislative framework for the UK’s Digital Securities Sandbox (DSS) came into effect today, a testing environment for digital assets relating to financial market...
