Financial stability

CBDC versus cryptocurrency

A CBDC would be fundamentally different to cryptocurrencies or cryptoassets. 

Cryptoassets combine new payments systems with new currencies that are not issued by a central bank. Examples of privately issued digital currencies include Bitcoin, Ether (Ethereum) and XRP. We have written about the economics of digital currencies and innovations in payment systems and the emergence of digital currencies.

Our Financial Policy Committee has assessed cryptoassets and concluded that they do not currently pose a risk to monetary or financial stability in the UK. However, cryptoassets do pose risks to investors and anyone buying cryptoassets should be prepared to lose all their money. 

In January 2021, HMT published its ‘UK regulatory approach to cryptoassets and stablecoins: consultation and call for evidence’. The consultation closed on 21 March 2021.

HMT’s consultation set out objectives for a UK regime for crypto-assets. These included: protecting financial stability; ensuring consumer protections; and promoting competition and innovation. The consultation outlined HMT’s proposed approach for an overarching framework to bring crypto-assets into the scope of activities that are regulated – the ‘regulatory perimeter’.

CCBS in 2021 and beyond

High-level mission and strategy

Our Centre was established in 1990, and is one of the oldest providers of international central banking technical co-operation and assistance.

Our mission is to equip central bankers and financial regulators – both in the UK and across the globe – with the frontier skills and expert knowledge they need to tackle the challenges they face.

We do this to promote global and UK economic stability, as well as to support wider international development objectives. Our ambition to be at the frontier of global central banking also directly supports the Bank of England’s international mission.

Working with our colleagues across the Bank of England, we achieve this through:

  1. Our programme of international seminars and conferences for central bankers and regulators from all over the world. These cover a blend of:
    • novel and emerging areas which are high on the international central banking policy, operational and research agendas;
    • the best in class toolkits, techniques and approaches used in modern central banking; and
    • thematic and traditional areas of central banking – where we believe we can help build skills through the sharing of our experience.
  2. Our programme of technical co-operation and training with specific central banks in emerging Africa, Asia and the Middle East. This programme has been developed through our partnership with the Foreign, Commonwealth and Development Office (formerly the Department for International Development).
  3. Conducting our own analytical work and research to push the knowledge frontier and showcasing that internationally.
  4. We also support the Bank’s wider internal and external skill-building activities, most notably, the post-graduate qualifications in global central banking and financial regulation developed with Warwick University.

Our approach to international seminars and workshops

Our international seminars and workshops are for central bankers and financial regulators only and geared towards experienced professionals. This focus allows us to promote open and frank debate among our community. Most are open to central banker and regulators from all over the world. Some, however, are by invitation only.

They tend to be pitched at the cutting-edge of central banking and financial regulation. And in all our work we endeavour to promote best practice.

They are practitioner focused, drawing on our own experience, those from other countries as well as in some cases experts from academia and other organisations. Our format is usually a mixture of lectures, discussions, case studies and exercises.

We promote diversity in all its forms. We offer an inclusive environment and actively encourage the sharing of experience. We are keen to learn from the rest of the world and challenge our own thinking, particularly in our policy seminars.

Moreover we strongly encourage diverse participation in terms of race; gender; sexual orientation; disability; religion as well as local minorities in your home countries. We politely ask decision-makers to bear this in mind when nominating candidates.

All our international seminars and workshops are free of charge.

And in 2021 specifically…

Spurred by the Covid crisis we are investing in new and more nimble forms of delivery. In 2020 we pivoted our workshops towards virtual delivery. That will continue for the foreseeable future in 2021.

We will continue to accommodate requests to allow multiple participants from any individual institution.

Reflecting the virtual environment our seminars and workshops will remain shorter than physical counterparts, typically operating from 11:00–15:30 UK time.

We aim to expand on our advertised programme over the year, through the provision of short knowledge-sharing webinars. We will build this catalogue as our experience of virtual delivery improves and in response to your feedback.

We also aim to make source material/other resources available to participants and the rest of the central banking community to enhance access and inclusion.

F

FCA — Financial Conduct Authority — the regulator of the conduct of financial services firms and financial markets in the UK.

FCCM — Financial Collateral Comprehensive Method

FDI — foreign direct investment

FDSF — Firm Data Submission Framework

Federal Reserve — the central bank of the United States (also known as ‘the Fed’).

FEMR — Fair and Effective Markets Review

FICC — fixed income, currency and commodities

Financial sector continuity — the three UK financial authorities — the Bank of England, HM Treasury and the Financial Conduct Authority — work together to make sure the UK financial sector runs smoothly, efficiently and effectively.

FINREP — financial reporting

FinTech — financial technology

FISIM — financial intermediation services indirectly measured

FLS — Funding for Lending Scheme — a scheme launched by the Bank of England and the Treasury in 2012, to encourage bank and building societies to lend more to households and businesses.

FMI — Financial market infrastructure — the network processes and systems that allow financial transactions to take place.

fmi CBCM — FMI Cross-Border Crisis Management

FMID — Financial Market Infrastructure Directorate (of the Bank of England)

FMLC — Financial Markets Law Committee

FOIA — Freedom of Information Act

FOMC — Federal Open Market Committee

FOS — Financial Ombudsman Service

FPC — Financial Policy Committee — our committee that identifies, monitors and takes action to remove or reduce risks in the financial system — to protect and enhance its resilience.

FPS — Faster Payments Service

FRC — Financial Reporting Council

FRN — floating-rate note

FSA — Financial Services Authority

FSAC — Financial System Advisory Committee

FSAP — Financial Sector Assessment Program

FSB — Financial Stability Board — an international body that monitors and makes recommendations about the global financial system.

FSCS — Financial Services Compensation Scheme

FSMA — Financial Services and Markets Act 2000 — an Act of the UK Parliament that created the Financial Services Authority (FSA) as a regulator for insurance, investment business and banking, and the Financial Ombudsman Service to resolve disputes as a free alternative to the courts. In 2013 the FSA was replaced by the Prudential Regulation Authority (part of the Bank of England) and the Financial Conduct Authority.

FSR — Financial Stability Report — our bi-annual report that sets out our Financial Policy Committee’s view on the stability of the UK financial system and what it is doing to remove or reduce any risks to it.

FSSR — Financial Stability Strategy and Risk

FTA — free trade agreement

FTSE — Financial Times Stock Exchange

FVA — funding valuation adjustment

FVO — fair value option

FVOCI — fair value through other comprehensive income

FVTPL — fair value through profit and loss

FX — foreign exchange

FXJSC — The London Foreign Exchange Joint Standing Committee — a forum about the wholesale foreign exchange market.

Copyright

Unless otherwise stated, the copyright and any other rights in the contents of the Resources, including but not limited to images, text and data, are owned by the Governor and Company of the Bank of England. 
The Bank will endeavour to acknowledge third-party copyright. If third-party copyright has not been properly acknowledged, please notify us at the address below so that we can make the appropriate arrangements. 

You may (and unless otherwise specifically stated, such as in the case of the Rulebook and the Database, where terms concerning re-use are set out below at ‘PRA Rulebook’ and ‘Bank of England Database’ respectively) download, display or print the Resources for personal use or internal use within an individual organisation for non-commercial purposes.

Requests for further authorisation regarding proposed use of the Resources should be addressed to: Head of Communications Division, Bank of England, Threadneedle Street, London EC2R 8AH.

The Bank typically grants permission for non-commercial re-use of the Resources, particularly in an academic or education context.

Where the Bank grants permission for re-use of the Resources, it does not accept any responsibility for any alteration or manipulation of the Resources.

Where the Bank grants permission to translate Resources, it does not warrant that it has reviewed or will review the translation for accuracy or completeness.

Where Bank Resources include or are comprised of third party copyright materials, the copyright of that material remains with the originating organisation and any re-use is subject to the separate approval of the relevant third party.

Our use of cookies

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Bank of England Museum

The Bank of England Museum is located on the eastern side of the Bank of England, in London. It covers around 10,000 square feet (1,000 square meters), and includes a reconstruction of a late eighteenth-century office. Known as «The Stock Office,» this is where holders of bank stock would come to collect their dividends.

The displays cover the history of the bank in roughly chronological order, including many images showing the rebuilding of the Bank in the inter-war years. Another section, called «The Bank Today,» uses modern technology to bring the Bank’s current activities to a wider audience.

The collections include banknotes and coins, books and documents, pictures, furniture, statues, silver, and a gold bar that can be handled.

How we’re funded

Although we are a public body, we do not get a budget from the UK Treasury. Instead, we generate the funds we need for our work by:

  • investing the money banks have to hold with us (this is called the ‘Cash Ratio Deposit scheme’)
  • charging the firms we regulate a fee
  • providing banking services to our customers, who include overseas central banks
  • charging for the cost of producing banknotes
  • charging a management fee for services we provide to government agencies
  • investing the capital we have built up over 300 years

We generate more income than we spend, so each year we contribute millions of pounds to the UK Treasury.

Read our short guide to Who pays for the Bank of England?

You can also find more information about our sources of funds in the of our Annual Report (page 28).

Our financial reporting

We publish accounts on the same basis as a normal company. We pay corporation tax on our profits and a dividend to the Treasury as shareholder. A memorandum of understanding with the Treasury sets out the dividend formula and the relationship to capital. 

World War One

On 10 August 1914, the Court of Directors minutes announced that the Governor ‘had granted leave with full pay to as many clerks as could possibly be spared to serve in the Defensive Forces of the Country.’

Seventy-one Bank of England staff lost their lives during World War One. Today, we honour those members of staff, along with those who died during World War Two, in the Bank’s entrance hall and with a statue in the garden court that was commissioned after the war.  

The Bank of England played an important role in helping the Government finance the war, for example by issuing War Stocks in 1914. Although it was reported that these war stocks were oversubscribed, the public did not actually buy enough to help fund the effort. The Bank therefore bought much of the stock out of its own reserves, and hid this fact to maintain public confidence. This was recently discovered in analysis of the Bank’s ledgers by our researchers.

G

G7 — group of seven major economies: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

G10 — Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States

G20 — group of twenty finance ministers and central bank governors

GFC — global financial crisis

GfK — Gesellschaft für Konsumforschung — Germany’s largest market research institute.

GLAC — gone-concern loss-absorbing capacity

GDP — gross domestic product — GDP is a measure of the size and health of a country’s economy over a period of time (usually one quarter or one year). It is also used to compare the size of different economies at a point in time. 

Governor — in addition to their duties as Governor, they also chair the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Committee.

G-SIB — global systemically important bank

G-SIFI — Globally Systemically Important Financial Institution

G-SII — global systemically important insurer 

GUUG — group on UTI and UPI Governance

The Restriction Period

In 1797 France declared war on Britain. When a small French force landed on mainland Britain, fears of invasion quickly spread. During this time, the public rushed to the Bank of England to convert their banknotes into gold, which was possible at the time. The amount of gold held by the Bank dropped from £16 million to just £2 million.

To try to preserve the already depleted gold reserves, the Prime Minster, William Pitt the Younger, placed a Privy Council Order on the Bank of England, ordering it to stop paying notes in gold.

This famous cartoon denotes William Pitt the Younger attempting to ‘woo’ the gold off an old lady representing the Bank of England. This was an effort to help fund the upcoming war with France.

General

The Resources are provided for general reference purposes only.

While every effort is made to ensure that the Resources are up to date and accurate, the Bank does not warrant the accuracy, completeness or fitness for a particular purpose of any of the Resources, and to the fullest extent permissible by law, does not accept any liability for loss or damage, whether direct, indirect or consequential, resulting from the use of or the inability to use the Resources. 

The Bank is not responsible for how the information contained in any of the Resources is used, how it is interpreted or what reliance is placed on it. No user should act or refrain from acting on the information contained in the Resources without first verifying the information and obtaining professional advice.

We do not guarantee that the Resources will be available at all times, or that they are free from errors or viruses. Data downloaded is done so at your own risk. We recommend that you take adequate measures to protect your own system.
The Bank reserves the right to terminate or restrict user access to the Resources if it determines that a user is acting in a manner contrary to the interests of other users, e.g. excessive use.
Links to other sites are provided for your convenience, but the Bank accepts no responsibility or liability for the content of those sites or of any external site which links to this site.

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Our response to climate change

The risks from the physical effects of climate change and the transition to a net-zero economy are relevant to our mission to maintain monetary and financial stability. In particular, these risks pose a threat to the stability of the wider financial system, and the safety and soundness of firms we regulate. As such, climate change is a strategic priority for us.

Our objective is to: ‘play a leading role, through our policies and operations, in ensuring the financial system, the macro-economy, and the Bank of England are resilient to the risks from climate change and supportive of the transition to a net-zero economy.’

We aim to build this resilience and support the transition by ensuring that climate-related financial risks are pro-actively managed and pre-emptively mitigated through our policy functions (eg our supervision of banks and insurers) and the management of our own operations (eg the carbon footprint of our buildings and corporate bond holdings).

Our climate strategy continues to evolve, reflecting the progress we have made to date, updates to our policy committees’ remits and recommendations, and the opportunities presented in 2021 by the UK’s presidency of the G7 and hosting the 26th UN Climate Change Conference of the Parties (COP26).

Find out more about our current climate strategy. It is built around five key goals.

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T

T2 — tier 2

T-bills — Treasury bills

TFP — total factor productivity

TFS — Term Funding Scheme — provides funding to banks and building societies at rates close to Bank Rate.

TFSME — Term Funding Scheme with additional incentives for SMEs

TI — threat intelligence

TISP — threat intelligence service provider

TLAC — total loss-absorbing capacity

TLC — total labour cost

TLTRO — targeted longer-term refinancing operation

TMTP — transitional measures on technical provisions

TNS — Taylor Nelson Sofres — a market research and market information group.

TPR — temporary permissions regime

TPR — The Pensions Regulator

TR — trade repository

TSC — Treasury Select Committee

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литература

  • Уильям Д. Боуман: История Банка Англии с момента его основания в 1694 году до наших дней («История Банка Англии с момента его основания в 1694 году до наших дней»). Издательство Schwabe, Базель, 1925 г.
  • Деррик Байатт: Обещает заплатить. Банкноты Англии за первые 300 лет существования . Spink Books, Лондон 1994, ISBN 0-907605-50-8 .
  • Филип Геддес: Внутри Банка Англии . Издательство Boxtree, Лондон 1994, ISBN 1-85283-203-7 .
  • Гюнтер Хаусманн: Причины и практические последствия реформы инструментов политики центрального банка Банка Англии с сентября 1971 года . Диссертация, Вюрцбургский университет 1977 г.
  • Евгений Филиппович v. Филиппсберг: Банк Англии на службе финансового управления государства . 2-е издание Вена: Deuticke 1911.
  • Ева Шуман-Басия: Банк Англии и его архитектор Джон Соун . Verlag für Architektur «Artemis», Цюрих, 1989, ISBN 3-7608-1011-X (иллюстрированная книга).
  • Зигфрид Вендт: Банк Англии и английская денежно-кредитная система (учебный лист; 8). Издательство Lutzeyer, Бад-Эйнхаузен, 1948 г.
  • Дитер Циглер : Корсет «Старушки». Деловая политика Банка Англии, 1844-1913 гг . Верлаг Кнапп, Франкфурт / М. 1990, ISBN 3-7819-0463-6 (также диссертация, Флорентийский университет 1988).
  • Дитер Циглер: Между Герни и Бэрингом. Деловая политика Банка Англии 1867-1890 гг . В: Научно-консультативный совет Института исследований банковской истории (Ред.): Архив истории банков. Журнал банковской истории , 2/1986, Verlag Knapp, Франкфурт / М.
  • Энн Долганос Пикер: Международные экономические индикаторы и центральные банки. Wiley, Hoboken, NJ 2007 ISBN 0-471-75113-8 .

S

S&P — Standard and Poor’s

SA-CCR — standard approach to counterparty credit risk

SAR — special administration regime

SCC — standard contractual clause

SCO — secondary competition objective

SCP — single collateral pool

SCR — solvency capital requirement

Sealing Committee — one of the Court of Directors sub-committees.

SEC — Securities and Exchange Commission

SEISS — Self-Employment Income Support Scheme

SEPA — Single Euro Payments Area

SFT — securities financing transaction

SFTR — Securities Financing Transactions Regime

SFX — Structural Foreign Exchange

SI — statutory instrument

SIC — Standard Industrial Classification

SIFI — systemically important financial institution

SIMMTM — Standard IM Model

SIMR — senior insurance managers regime

SIV — structured investment vehicle

SLC — 

SLRC — 

SLS — special liquidity scheme

SM&CR — Senior Managers and Certification Regime

SME — small and medium-sized enterprise

SMF — Sterling Monetary Framework — our operations in the sterling money markets.

SML — survey of mortgage lenders

SMMT — Society of Motor Manufacturers and Traders

SMR — Senior Managers Regime

SOC — security operation centre

SOFR — secured overnight financing rate

Solvency II — sets out regulatory requirements for insurance firms and groups, covering financial resources, governance and accountability, risk assessment and management, supervision, reporting and public disclosure.

SONIA — Sterling Overnight Index Average — a widely used interest rate benchmark and the reference rate for sterling Overnight Indexed Swaps (OIS).

SoP — Statement of Policy

SPE — single point of entry

SPV — special purpose vehicle

SRB — systemic risk buffer

SREP — Supervisory Review and Evaluation Process

SRPC — Supervision Risk and Policy Committee (Bank governance forum)

SRS — supervisory risk specialists

SS — Supervisory Statement — the PRA will issue supervisory statements when it wishes to set out its expectations of firms without adding these to the Rulebook.

SSB — standard setting body

SSS — securities settlement systems

SST — supervisory stress-testing

STC — simple, transparent and comparable

STDF — stress testing data framework

Stress testing — banking stress tests examine the potential impact of a hypothetical adverse scenario on the individual institutions that make up the banking system, and the system as a whole.

STSD — stress testing strategy division

SVaR — stressed value-at-risk

SVR — standard variable rate

SVT — standard variable tariff

Функции

Банк Англии (Лидс)

Банк Англии выполняет все функции центрального банка. Наиболее важными из них предполагается поддержание стабильности цен и поддержка экономической политики Правительства, для обеспечения экономического роста. С этой целью банк решает задачи в следующих ключевых областях:

  • Поддержание стабильности курса и покупательной способности национальной валюты (фунта стерлингов). Для обеспечения этой цели проводится соответствующая политика процентных ставок, подразумевающая соответствие реальной ситуации инфляционной цели (на 2019 — 0,75 % годовых), которая определяется правительством.
  • Поддержание стабильности финансовой системы, как национальной, так и мировой.
Обеспечение финансовой стабильности предполагает защиту от угроз для всей финансовой системы. Угрозы исследуются органами надзора и аналитическими службами Банка. Угрозы устраняются путём финансовых и других операций, как на национальном рынке так и за рубежом. В исключительных случаях Банк может выступать в качестве «кредитора последней инстанции».

Обеспечение эффективности финансового сектора Великобритании.

Банк сотрудничает с рядом других учреждений для обеспечения как денежной, так и финансовой стабильности, в том числе:

  • Казначейство Великобритании (HMS Treasury);
  • Управление по финансовому регулированию и надзору Великобритании (Financial Services Authority);
  • Другие центральные банки и международные организации, с целью совершенствования международной финансовой системы.

В 1997 году был подписан Меморандум о взаимопонимании между Банком Англии, Казначейством и Управлением по финансовому регулированию и надзору, описывающий условия и принципы взаимодействия этих организаций для обеспечения общей цели повышения финансовой стабильности.

Банк Англии обладает монополией на выпуск банкнот в Англии и Уэльсе. Банки Шотландии (The Royal Bank of Scotland, The Bank of Scotland и The Clydesdale Bank) и Северной Ирландии (Bank of Ireland, First Trust Bank, Northern Bank и Ulster Bank) сохранили право выпуска собственных банкнот, но их эмиссия должна быть подкреплена наличием депозита в размере 1:1 в Банке Англии, за исключением нескольких миллионов фунтов, которые они имели в обороте в 1845 году. В 2002 году Банк решил продать свои предприятия по печати банкнот компании De La Rue.

С 1997 года Комитет по денежной политике несёт ответственность за установление официальных процентных ставок. Однако, вместе с тем решением о предоставлении Банку операционной независимости, в 1998 году ответственность за управления государственным долгом была возложена на новую структуру — Департамент по управлению Государственным долгом Великобритании (UK Debt Management Office), которой в 2000 году также были переданы функции по управлению финансами Правительства. С 2004 года функции регистратора для облигаций Правительства Англии (также известных как Британские государственные облигации (Gilts)) переданы компании Computershare.

2 июня 2016 года был анонсирован выпуск первых пластиковых банкнот. Полимерная купюра достоинством в 5 фунтов стерлингов, на которой изображен один из известных британских премьер-министров Уинстон Черчилль, появится в обращение с 13 сентября. Позже планируется выпустить пластиковые купюры в 10 и 20 фунтов.

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What is Bank Rate?

Bank Rate is the single most important interest rate in the UK. In the news, it’s sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’.

Our Monetary Policy Committee (MPC) sets Bank Rate. It’s part of the Monetary Policy action we take to meet the target that the Government sets us to keep inflation low and stable.

Bank Rate determines the interest rate we pay to commercial banks that hold money with us. It influences the rates those banks charge people to borrow money or pay on their savings.

How Bank Rate affects your interest rates

If Bank Rate changes, then normally banks change their interest rates on saving and borrowing. But Bank Rate isn’t the only thing that affects interest rates on saving and borrowing.

Interest rates can change for other reasons and may not change by the same amount as the change in Bank Rate. To cover their costs, banks need to pay less on saving than they make on lending. But they can’t pay less than 0% on savings or people might not deposit any money with them. 

Settlement services

We currently support four settlement models: real-time gross settlement, delivery versus payment (DvP), and prefunded and unfunded models for deferred net settlement.

We provide settlement services for the CHAPS payment system, the payment system embedded within the CREST securities settlement system and a number of retail payment systems that settle on a net basis. Each system determines its own access criteria as well as the number and duration of any settlement cycles.

Final sterling settlement for CLS, a foreign exchange settlement system that eliminates settlement risk in participating currencies, is carried out through CLS’s direct participation in CHAPS.

Управление Банка Англии

Губернаторы

Ниже приводится список управляющих Банка Англии с начала 20 века:

название Период
Сэмюэл Гладстон 1899–1901
Август Прево 1901–1903 гг.
Сэмюэл Морли 1903–1905 гг.
Александр Уоллес 1905–1907
Уильям Кэмпбелл 1907–1909
Реджинальд Иден Джонстон 1909–1911
Альфред Коул 1911–1913
Уолтер Канлифф 1913–1918
Брайен Кокейн 1918–1920 гг.
Монтегю Норман 1920–1944
Томас Катто 1944–1949
Кэмерон Кобболд 1949–1961
Роуленд Бэринг (3-й граф Кромер) 1961–1966
Лесли О’Брайен 1966–1973
Гордон Ричардсон 1973–1983 гг.
Роберт Ли-Пембертон 1983–1993 гг.
Эдвард Джордж 1993–2003 гг.
Мервин Кинг 2003–2013 гг.
Марк Карни 2013–2020 гг.
Эндрю Бейли 2020 – настоящее время

Суд директоров

Совет директоров — это унитарный совет, который отвечает за определение стратегии и бюджета организации, а также за принятие ключевых решений по найму и назначениям. Он состоит из пяти исполнительных членов Банка и до 9 неисполнительных членов, все из которых назначаются короной. Канцлер выбирает председателя суда из числа неисполнительных членов. Суд обязан заседать не менее 7 раз в год.

Губернатор работает в течение восьми лет, заместители губернатора — пять лет, а неисполнительные члены — до четырех лет.

Суд директоров (2019)
название Функция
Брэдли Фрид Председатель суда. Управляющий партнер Grovepoint Capital LLP
Марк Карни Губернатор
Бенджамин Бродбент Заместитель управляющего по денежно-кредитной политике
Сэр Джон Канлифф Заместитель управляющего по финансовой стабильности
Сэм Вудс Заместитель управляющего по пруденциальному регулированию и главный исполнительный директор Управления пруденциального регулирования
Сэр Дэвид Рамсден Заместитель управляющего по рынкам и банковскому делу
Энн Гловер Генеральный директор и соучредитель Amadeus Capital Partners
Диана Ноубл Неисполнительный директор
Диана ‘Дидона’ Хардинг Член Палаты лордов
Дэйв Прентис Генеральный секретарь UNISON
Дон Роберт Председатель, Experian plc
Дороти Томпсон Кресло Tullow Oil plc,
Рон Калифа Директор Совета Worldpay и председатель Network International
Фрэнсис О’Грэйди Генеральный секретарь Конгресса британских профсоюзов
Ханнеке Смитс Генеральный директор Newton Investment Management

Другой персонал

С 2013 года у Банка есть главный операционный директор (COO). С 2017 года главным операционным директором банка была Джоанна Плейс .

По состоянию на 2014 год главным экономистом Банка является Эндрю Холдейн .