Category: Prudential Regulation Authority (PRA)

Bank of England governor blocks Rachel Reeves’s Revolut meeting

Concerns about chancellor’s involvement in independent process over fintech’s banking licenceThe governor of the Bank of England blocked a meeting that Rachel Reeves tried to secure with watchdogs and Revolut, amid...

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Bank of England rolls out looser mortgage rules to help first-time buyers

Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers on to the housing ladderBusiness live – latest updatesThe Bank of England has rolled out looser mortgage rules that policymakers...

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Bank of England drops new diversity and inclusion rules for City firms

In latest retreat amid US backlash, BoE says it wants to avoid more ‘regulatory burdens’ for financial companiesBusiness live – latest updatesThe City’s top two regulators have said they will not bring in...

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Bank of England delays rules designed to avoid banking crash by a year

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in USBusiness live – latest updatesThe Bank of England has delayed the introduction of tougher global banking capital rules by a...

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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