The Bank and the PRA’s response to HMT, DSIT and DBT on AI in financial services
Letter from Sarah Breeden and Sam Woods to the Chancellor and Secretaries of State
Financial Policy Committee Record – April 2026
Our Financial Policy Committee (FPC) meets to identify risks to financial stability and agree policy actions aimed at safeguarding the resilience of the UK financial system.
Trump Fed pick Kevin Warsh could shake up the central bank with his ‘family fight’ model
Kevin Warsh, President Donald Trump's nominee to helm the Fed, is expected to change the way the central bank operates. AP Photo/Alastair GrantSince President Donald Trump named Kevin Warsh as his choice for Federal Reserve chair on Jan.
Why a second global shipping chokepoint could soon live up to its name as the ‘Gate of Tears’
Luke Dray/Stringer/GettyIf you’d never heard of the Strait of Hormuz before, you probably have by now.
FEDS Paper: Validating Large Language Model Annotations
Anne Lundgaard HansenThis paper proposes a validation framework for LLM-generated measurements when reliable benchmarks are unavailable. Validity is established by testing whether an LLM can reconstruct passages from annotated labels while maintaining semantic consistency with the original text. The framework avoids circular reasoning by establishing testable prerequisite properties that must be met for a validation to be considered successful.
Update to Discount Window Facility pricing – Market Notice 27 March 2026
The Bank is today announcing a simplification and reduction in the Discount Window Facility (DWF) pricing, as part of its previously announced review of the DWF.
Supreme Court’s tariff decision still leaves a ‘mess’ for companies trying to grab refunds
Containers are stacked up in a cargo terminal in Frankfurt, Germany. AP Photo/Michael ProbstU.S. companies stung by President Donald Trump’s emergency tariffs had hoped for relief when the U.S. Supreme Court ruled in February 2026 in their favor. But settling on a remedy – namely, rebate checks from the government – may be an even bigger headache.
Bank of England streamlines reporting and disclosure requirements for bank failure regime
The Bank of England and Prudential Regulation Authority have finalised a package of changes to firms’ resolution reporting and disclosure requirements which reduces the burden of regulation while maintaining a robust and credible regime that supports growth and competition.
This is how the 1970s oil shock played out. There are lessons for the economy today
Cars lined up at a US gas station during the oil shock of 1979. Universal History Archive/Universal Images Group via Getty ImagesOn October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century.
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