- From bankofengland.co.uk|1 hr 31 min ago
In November 2022, the Prudential Regulation Authority (PRA) published consultation paper (CP) 16/22 – Implementation of the Basel 3.1 standards, setting out proposals for PRA rules covering the remaining elements of the Basel III standards that are yet to be implemented in the UK. The consultation period ended on 31 March 2023. Since then, we have been ...
- From cepr.org|1 hr 29 min ago
The current monetary architecture features non-banks that transact with bank deposits, and banks that settle payments with central bank reserves. This column compares the current regime with systems that also feature a central bank digital currency. It finds that a system based on a central bank digital currency can be a less costly alternative to the ...
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