BoE publishes CCP holding notifications page: BoE has updated its website to provide details for those with qualifying holdings in central counterparties (CCPs). It explains the pre-notification stage and how to submit notifications. (Source: BoE Publishes CCP Holding Notifications Page)

BoE to reform MI programme: BoE has announced the results from its review of its Market Intelligence (MI) programme. BoE's Governors and Court of Directors have endorsed all 11 recommendations from the review. These will make the gathering and use of MI more transparent, robust and effective. Specific recommendations made in the MI review include:

  • an MI Charter which explains clearly the terms of BoE's engagement with financial market participants, and its rationale for gathering MI;
  • a strengthened set of policies that govern MI gathering, supported by expanded training for staff; and
  • a new executive-level committee to oversee the MI programme, to ensure it retains the necessary flexibility, focus and relevance to the policy challenges of today and tomorrow.

Alongside the MI review results BoE has also published its formal response to the recommendations of Lord Grabiner made in his Foreign Exchange Market Investigation Report. (Source: Reforms to BoE’s Market Intelligence Programme)

BoE notes Eurozone CCP decision: BoE has noted an EU General Court judgment that annuls ECB's Eurosystem Oversight Policy Framework in so far as it sets a requirement for CCPs involved in the clearing of securities to be located within the Eurozone. (Source: BoE Notes Eurozone CCP Decision)