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15.07.26 - 16:24
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Pound Rises Amid BoE Rate Hike Speculation (AFX)
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BRUSSELS (dpa-AFX) - The British pound strengthened against other major currencies in the European session on Wednesday, due to decreased political unpredictability in the U.K. and anticipation of......
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15.07.26 - 12:54
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Bank of England governor would have put off Farage meeting had £5m gift been under investigation (The Guardian)
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Exclusive: Andrew Bailey says he does not regret meeting Reform UK leader to discuss cryptocurrency regulationThe Bank of England governor has said he would have put off a controversial meeting with Nigel Farage last autumn had the Reform UK leader's £5m gift from a crypto billionaire been under investigation at the time.Andrew Bailey said he did not regret meeting Farage to discuss the Bank's plans for cryptocurrency regulation last September, months before the controversial donation from Thailand-based investor, Christopher Harborne, was revealed by the Guardian in April. Continue reading......
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14.07.26 - 22:24
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Global cooperation needed to tackle AI threats, says Bank of England governor (The Guardian)
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Andrew Bailey warns that US will not be able to achieve its ambitions aloneThe Bank of England governor has called for international cooperation to tackle growing AI threats, warning that the US and Trump administration would not be able to achieve their ambitions alone.Andrew Bailey's comments come weeks after the US president, Donald Trump, temporarily banned foreigners from using Anthropic's powerful Claude Mythos model. Continue reading......
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14.07.26 - 14:01
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Bailey Says BOE Might Need to Respond If an AI Bubble Bursts (Bloomberg)
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Bank of England Governor Andrew Bailey warned that the fallout from an artificial intelligence stocks bubble bursting would reach the UK economy and could prompt a response in interest rates. He made the comments during a testimony before Parliament's Treasury Committee. (Source: Bloomberg)...
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10.07.26 - 16:48
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Bank of England handed powers to regulate key tech firms including Amazon and Google (The Guardian)
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Direct oversight of 'critical third parties' such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber-attacks and major outages that could disrupt services for millions of people and businesses across the UK. Continue reading......
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07.07.26 - 12:48
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BoE plans to ease capital rules despite fears on AI stability threat (The Guardian)
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Bank of England financial policy committee members voice concern on trimming lenders' financial buffersBusiness live – latest updatesThe Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to financial stability from rapid AI developments and debt-fuelled stock investments.The central bank said on Tuesday it was looking to remove and loosen some rules introduced after the 2008 financial crisis that determine the size of the financial cushion required to absorb losses and protect consumers and taxpayers when things go wrong. Continue reading......
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07.07.26 - 12:01
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BOE Lifts Veil on Private Financing of 520 British Companies (Bloomberg)
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Alternative asset managers have given the Bank of England detailed information on their investments in 520 UK corporates with revenue of more than £230 billion ($308 billion), as part of the watchdog's probe into potential economic fallout from a private markets crash....
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