Key Highlights The Bank of England will reduce its monetary-policy gilt portfolio by £368 billion by September 2034, combining £46 billion annually from maturities and £20 billion from active sales. The Monetary Policy Committee voted unanimously for the unwind but split 6–3 on Bank Rate, with Megan Greene, Catherine Mann, and Huw Pill favoring a ...
Bank of England Financial Policy Committee member Carolyn Wilkins warned Tuesday that the rapid growth of dollar-denominated stablecoins could further entrench the U.S. dollar’s global dominance while creating new channels of financial volatility. Speaking at Queen’s University Belfast, Wilkins outlined how stablecoins pegged to the greenback simplify cross-border settlement, expand international access to dollar-linked assets, ...
UK FCA Considers Regulatory Exemptions for Tokenized Gold Products The UK Financial Conduct Authority (FCA) is evaluating targeted exemptions from existing fund regulations for specific tokenized gold products and market infrastructure, according to proposals scheduled for presentation on Monday. The initiative aims to foster innovation in the bullion market and reinforce London’s position as a ...