Bank of England
"We expect greater engagement" Bank of England cracks whip over operational resilience
“Less than a year out from the March 2025 deadline… there is still considerable work to be done for many FMIs.”
Bank of England
“Seriously out of date” software hampering BoE forecasting: Bernanke
“Increasingly complex and ad hoc software patches needed to deal with emerging problems and inconsistencies in the forecasting process” says former Fed chairman.
Bank of England
Bank of England warns on expanded operational resilience regime – cloud providers put on notice
New demands of "critical third-parties" will "require some adjustments all round" says senior BoE official.
News
Bank of England praised for streamlined risk approach -- but staff keep sending emails awry
Address blunders make up almost half of "minor" compliance breaches
Bank of England
Bank of England's tech overhaul: 'Open Sesame' or more friction?
Proposed changes for account onboarding front-load compliance burden, even as technology gets slicker...
DevOps
BoE, Deutsche Börse, Fidelity on the challenges of maintaining security without sacrificing innovation
"That’s definitely the hottest topic right now in tech for us across the bank,”
CIO
Bank of England anoints its fourth CIO in just two years as IT leadership churn continues
Monk (previously at construction firm Travis Perkins) does offer important continuity and understanding on one of the most significant digital transformation programmes at the BoE
News
Critical Bank of England systems outage puts the spotlight back on a major settlements overhaul
The worst RTGS outage in nearly a decade was resolved without too much loss of hair but will renew enthusiasm for a core settlement engine replacement due in 2024...
Cloud
Bank of England seeks FinOps help with cloud consumption
Central bank keen to "improve consumption-based spend and reporting and to be able to "make strategic TCO decisions on location of workloads..."
Bank of England
Bank of England teases central counterparty data project
"... a concept has been developed for a centralised solution that will provide firms with an automated classification answer."
Featured
Boards “cannot outsource their responsibilities” warns Bank of England in new cloud rulebook.
Audit access, cybersecurity, concentration risk all covered...
Featured
The Bank of England's settlement engine is getting swapped out soon. Is the market ready?
Six years after an exercise flagged the risks of a “prolonged technical outage” in the core settlement engine of the Bank of England, efforts to “seek to understand and mitigate legal barriers” to one proposed mitigation are unfinished – although progress on a core hardware and software replacement continues to make