Bank of England – Page 2

Bank of England preparing for greater role of tokenization in finance, official says

BoE deputy governor Sir Jon Cunliffe looked at stablecoin, CBDC and other forms of tokenization taking hold in the modern economy in a speech on financial innovation.

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UK forms Bitcoin Policy org to boost BTC education and adoption

A Bitcoin-only policy organization in the United Kingdom seeks to steer a course for greater levels of Bitcoin adoption.

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US contemplates ‘expanding’ emergency lending facility for banks: Report

While the Federal Reserve liquidity offerings must be equally accessible to “all eligible users,” unnamed sources reportedly warned that it could be “made in a way” to ensure First Republic Bank benefits.

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Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar […]

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SVB’s UK arm issues 15M pounds in bonuses after symbolic bailout: Report

Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following Silicon Valley Bank UK arm’s “near-collapse.”

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UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse

An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.

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Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in […]

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Bank of England has no tech skills to issue CBDC yet: Deputy governor

BoE deputy governor Jon Cunliffe compared a potential digital pound with iPhone’s Apple Store as it could “open a new frontier for people to improve payments.”

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UK banking regulator to propose crypto issuing, holding rules after Basel 3 finalized

The Bank of England Prudential Regulatory Authority will facilitate international economic growth under the Financial Services and Markets bill now in Parliament.

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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]

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