As part of its statutory objective to protect and enhance financial stability in the United Kingdom, the Bank of England works to identify risks to the stability of the UK financial system. The Systemic Risk Survey contributes to this activity by quantifying and tracking, on a biannual basis, market participants’ perceptions of such risks. The [...]
Address to the 2011 Dublin Economic Workshop, Ajai Chopra, Deputy Director, European Department, International Monetary Fund, October 15, 2011. Introduction I would like to thank the conference organizers for offering me the opportunity to talk about how the financial stability framework of the EU could be strengthened. Much has happened since July when I accepted [...]
The case for more CHAPS settlement banks, Speech by Chris Salmon. In a speech delivered at a breakfast hosted by the Yorkshire and Humberside Network of the ifs School of Finance, Chris Salmon, Executive Director of Banking Services and Chief Cashier, explains why the Bank of England believes that the currently rather limited direct membership [...]
03 Jun. Clearing houses as system risk managers, speech by Paul Tucker, BoE. In a speech at the launch of the Depository Trust & Clearing Corporation (DTCC) – Centre for the Study of Financial Innovation (CSFI) Post-Trade Fellowship, Paul Tucker – Deputy Governor for Financial Stability, member of the Monetary Policy Committee and member of [...]