Tagged: bank of england

August 4, 2016 @ 8:15 am By JD Alois  |  

  The Bank of England (BoE) has cut its benchmark rate by 0.25% – the first time in 7 years. The pound quickly moved lower reacting to the announcement. The move was telegraphed several weeks back in reaction to Brexit fallout. The interest rate cut… Read More

July 6, 2016 @ 9:27 am By JD Alois  |  

Yesterday the Financial Policy Committee (FCP) of the Bank of England relaxed bank capital requirements in a proactive move designed to stave off a looming, Brexit driven slowdown. Bank of England Governor Mark Carney stated; “The UK has entered a period of uncertainty and significant… Read More

July 2, 2016 @ 2:03 pm By JD Alois  |  

Embedded below is the speech by Mark Carney, the Governor of the Bank of England. The remarkable situation engendered by the EU referendum results compelled Carney to deliver a calming speech effectively telling the UK it could weather the storm; “The UK can handle change…. Read More

July 1, 2016 @ 8:37 am By JD Alois  |  

Mark Carney, Governor of the Bank of England, stated in a speech on the Brexit yesterday that while the “result of the referendum is clear. Its full implications for the economy are not”, he also affirmed it was something the UK economy can handle. EPTSD:… Read More

June 17, 2016 @ 5:00 pm By JD Alois  |  

The Bank of England is getting into the Fintech space.  In a speech by Mark Carney, Governor of the Bank of England, Carney embraced the disruptive transformation that is impacting all forms of finance.  He pointed to Fintech advocates who believe; “…the wave of innovation… Read More

June 17, 2016 @ 9:55 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, delivered a speech today at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London, entitled “Enabling the FinTech transformation: Revolution, Restoration, or Reformation?” Noting that “transparency is the hallmark of modern central… Read More

April 14, 2016 @ 9:37 am By JD Alois  |  

The Monetary Policy Committee (MPC) of the Bank of England has decided to hold steady with a 0.5% Bank Rate. The MPC also voted unanimously to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion. The BOE… Read More

March 31, 2016 @ 9:49 pm By JD Alois  |  

The Bank of England has released the monthly statistics regarding lending and according to the BOE lending to non-financial SMEs grew by £0.7 billion compared to an average monthly increase of £0.2 billion over the previous 6 months. Certainly an improvement.  Louise Beaumont, an executive… Read More

February 29, 2016 @ 10:14 am By JD Alois  |  

Louise Beaumont, an executive at GLI finance and vocal advocate of small business, says more needs to be done to support UK small business.  Reflecting on the recent statement by the Bank of England and their credit numbers, Beaumont believes the slight increase in lending… Read More

February 2, 2016 @ 4:43 pm By JD Alois  |  

The Bank of England has published its periodic update on lending and, according to their to numbers, loans to non-financial businesses decreased by £3.7 billion in December 2015. This is compared to an average monthly decrease of £0.3 billion over the previous six months. The… Read More

January 26, 2016 @ 8:30 am By JD Alois  |  

HM Treasury has selected Andrew Bailey as the new Chief Executive of the Financial Conduct Authority (FCA).  Bailey replaces interim CEO Tracey McDermott who publicly revealed her decision not to seek a permanent assignment at the FCA in early January.  McDermott took over the helm… Read More

November 30, 2015 @ 10:54 am By JD Alois  |  

The Bank of England (BOE) announced the extension of the Funding for Lending Scheme (FLS) that was designed to provide easier access to capital for SMEs.  The BoE stated the program will provide lenders with continued certainty over the availability of cheap funding to support lending… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More

May 28, 2015 @ 9:36 am By JD Alois  |  

The Bank of England has published the quarterly update on the Funding for Lending Scheme (FLS) for Q1 of 2015.  According to the report, net lending by FLS Extension participants to SMEs was £0.6bn in the first quarter of 2015. This compares with quarterly net… Read More

January 6, 2015 @ 7:57 am By JD Alois  |  

Peer to peer lender RateSetter has commented on the closing of the Bank of England’s / Prudential Regulation (BOE & PRA) Authority consultation paper which was opened for comments this past October.  The consultation paper delineates proposed changes in order to implement the Deposit Guarantee… Read More

December 2, 2014 @ 3:56 pm By JD Alois  |  

As expected, the Bank of England and HM Treasury have jointly announced a one year extension of the Funding for Lending Scheme (FLS).  The program, launched back in July of 2012, is designed to encourage lending to SME’s.  To date the program has failed to… Read More

November 30, 2014 @ 5:27 pm By JD Alois  |  

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

July 18, 2014 @ 8:53 am By JD Alois  |  

In contrast to a negative outflow during the previous period, net lending to UK businesses took a positive tack this past May.  The annual rate of growth in the stock of lending to SME’s and large businesses remained negative though.  This is from the Bank… Read More

May 29, 2014 @ 8:05 am By JD Alois  |  

The Bank has today published updated data on the use of the Funding for Lending Scheme (FLS). Today’s publication shows the net quarterly flows of lending to UK households and businesses eligible under the Scheme up to the second quarter of 2013. The aim of… Read More

April 22, 2014 @ 2:48 pm By JD Alois  |  

The Bank of England just released their periodic Trends in Lending report. In brief; “The annual rate of growth in the stock of lending to UK businesses remained negative in the three months to February. The stock of lending both to small and medium-sized enterprises and… Read More