Bank of England: Global crisis ‘alarm bells’ in private credit October 21, 2025 The Governor of the Bank of England has warned of “alarm bells” in the private credit market as he cautioned of consequences parallel to the 2008 global financial crisis. Andrew Bailey told lawmakers on Tuesday the collapse of US car parts maker First Brands and auto-dealership Tricolor could be “the canary in the coalmine” as [...]
Fintech industry takes aim at ‘logic-defying’ banking watchdog October 20, 2025 The industry body for UK fintech will today take aim at the banking watchdog in a scathing report that will blast “logic-defying” regulation. A fresh report from Innovate Finance, seen by City AM, will accuse the Prudential Regulation Authority’s (PRA) of “excessive” requirements that create an “uneven playing field for UK challenger banks, placing heavy [...]
Revolut’s UK banking licence bid faces global risk scrutiny October 14, 2025 Revolut’s pursuit of a full UK banking licence has hit another stumbling block as regulators seek further information on the fintech’s risk controls in light of its accelerating overseas growth. Officials at the Bank of England have sought commitment from the digital banking juggernaut that it will bulk up its risk management infrastructure to match [...]
Andrew Bailey: Stock markets could crash if debt levels spiral October 13, 2025 Bank of England Governor Andrew Bailey has warned that stock markets could suffer a “disorderly adjustment” due to spiralling debt levels and other vulnerabilities. Ahead of a seminal week in Washington DC where global financial leaders are set to discuss the future of multilateralism, Bailey said bullish markets and spiralling sovereign debt levels had left [...]
Andrew Bailey: Regulation is not hampering growth October 3, 2025 Bank of England governor Andrew Bailey has warned of the dangers associated with paring back financial regulation, in a speech in which he also denied that the abundance of red tape foisted on the financial sector after the Great Financial Crash had impeded economic activity. Addressing the Klass Knot Farewell Symposium, Bailey, who was recently [...]
Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
Hawks vs Doves: Bank of England’s MPC will hold interest rates – but expect dissent September 17, 2025 In the last year, the Bank of England has cut interest rates five times on the expectation that price rises were easing in the UK. When inflation hit a 41-year high of 11.1 per cent in October 2022, policymakers at the Bank warned that its fight to battle inflation was “sacrosanct”. The relentless spiralling of [...]
Bank of England likely to slow down QT programme, Investec economist says September 15, 2025 The Bank of England’s Monetary Policy Committee (MPC) is likely to slow down its quantitative tightening (QT) programme over the next year, an Investec economist has said, as Britain’s central bank looks to quell concerns over rising gilt yields. “We doubt that the MPC will maintain the same pace of balance sheet reduction next year [...]
Bank of England ‘under pressure’ to slow bond sales amid market tumult September 5, 2025 The Bank of England should slow its quantitative tightening programme and stop active sales of long-dated bonds entirely in the wake of this week’s bond rout that saw the cost of long-term borrowing soar to its highest level this century, a group of top economists has said. Markets were rocked by a global sell-off in [...]
Andrew Bailey slams Trump’s ‘dangerous’ threats against US Federal Reserve September 3, 2025 Bank of England Governor Andrew Bailey has said he is “very concerned” about President Trump’s threats against the US Federal Reserve. In a hearing before the Treasury Select Committee, Bailey said the threat to the Fed’s independence was a “very serious situation”. The Governor said he was worried about attempts to “trade off” monetary and [...]