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Bank of England's new liquidity backstop to focus on gilts, insurers initially

The Bank of England said on Tuesday that its planned liquidity backstop for non-banks during market stress will initially target the UK government bond market, insurers, and pension funds,.
-March 12, 2024 at 10:30 am EDT
- MarketScreener ....

City Of , United Kingdom , Huw Jones , Alexandra Hudson , Future Balance Sheet ,

New Bank of England liquidity backstop to first focus on gilts, insurers

By Huw Jones LONDON (Reuters) -The Bank of England said on Tuesday that its planned liquidity backstop for non-banks during market stress will initially target the UK gilt market, insurers and pension funds, reflecting the recent crises in markets. A “dash for cash” when economies went into lockdown in March 2020 to tackle the COVID-19… ....

City Of , United Kingdom , Alexandra Hudson , Huw Jones , Alexander Smith , Prime Minister Liz Trus , Nick Butt , Future Balance Sheet ,

Britain's banks given more time to check payments for scams

Banks in Britain will be allowed to hold up payment transfers for an extra three days if they have grounds to suspect a customer is being conned by fraudsters, the finance ministry said on.
-March 11, 2024 at 08:04 pm EDT
- MarketScreener ....

United Kingdom , Susan Fenton , Huw Jones , Payment Systems Regulator ,

British banks given more time to check payments for scams

British banks will be
allowed to hold up payment transfers for an extra three days if
they have grounds to suspect a customer is being scammed, the
government said on Tuesday.
Regulators. ....

City Of , United Kingdom , Ben Donaldson , Susan Fenton , Huw Jones , Alexander Smith , Kingdom Finance , United Kingdom Finance , Payment Systems Regulator ,