Tag: Bank of England
LONDON (Reuters) – The Bank of England has widened access to Britain’s interbank payments system to increase competition from new fintech firms in the financial system, where the “Big Four” high street banks have long dominated. The BoE flagged the plans in May and on Wednesday published a detailed framework to make this happen as […]
LONDON (Reuters) – The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal $81 million from Bank Bangladesh, according to three people familiar with the effort. The central bank sent the request […]
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