Remit and recommendations for the Financial Market Infrastructure Committee - July 2025
Exchange of letters between the Governor and the Deputy Governor for Financial Stability to the Chancellor
Exchange of letters between the Governor and the Deputy Governor for Financial Stability to the Chancellor
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC), which is a forum for discussion of the wholesale foreign exchange market. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Legal Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
In the first phase of reforms to the SM&CR, the FCA and PRA are proposing to streamline the regime to make it more effective and efficient and to drive growth in financial services.
The National Payments Vision set out the government’s ambitions for a world-leading payments ecosystem which drives innovation, supports competition and ensures security, in line with the Growth Mission.
The Bank of England (‘the Bank’) has announced a package of measures designed to maintain stability in the financial sector while offering new growth opportunities for mid-sized banks and building societies.
The Artificial Intelligence Consortium (AIC) aims to provide a platform for public-private engagement to further dialogue on the capabilities, development, deployment, use, and potential risks of artificial intelligence (AI) in UK financial services.
The Bank of England (the “Bank”) has fined Vocalink Limited (“Vocalink”) £11,900,000 in respect of a compliance failure under section 196 of the Banking Act 2009 (the “Act”). This is the first time the Bank has fined a financial market infrastructure firm.
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.