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MPC votes by majority to hold base rate at 0.75%

The Bank of England’s Monetary Policy Committee voted by a majority of 7-2 for a second month to maintain the Bank Rate at 0.75%.

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FCA and Bank of England set up new AI forum

 

The FCA and Bank of England have set up a new industry forum to explore the benefits and risks of using artificial intelligence (AI) and machine learning (ML) in financial services.

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FCA to become ‘data-driven’ regulator in 5 year plan

 

Greater automation of data collection and intervention based on data analysis will become two of the key drivers of the FCA’s regulatory strategy over the next five years, the watchdog said today.

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Editor’s Comment: FCA needs a new direction after Bailey

The appointment of Andrew Bailey as the new Bank of England Governor today came as little surprise but it does open to door to opportunities for a new direction for the FCA.

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