The Bank of England and the Bank of Canada have both issued warnings and maintained their interest rates. The Bank of England has raised concerns about the wider adoption of AI and its potential systemic risks to the financial system. Additionally, it has highlighted risks in private credit and leveraged lending. Meanwhile, the Bank of Canada has decided to keep its key interest rate at 5%, expressing concerns about inflation. In the UK, there are proposals to oversee cloud computing and data analytics services that banks rely on, with AWS and Microsoft engaging in a dispute over anti-competitive practices. The UK government is also planning to monitor financial transactions of its citizens.
Bank of England asks banks to report private credit exposure -sources https://t.co/hr4isIGiuK https://t.co/FpY9hs1ohT
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on https://t.co/RBSWtCr65C
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on https://t.co/O3YOMYVouj
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on https://t.co/76A4APtgeN
The UK has started consulting on its proposals to oversee the cloud computing and data analytics services that banks depend on https://t.co/LSkRiuOnXO
Britain proposes new checks on banks' reliance on tech companies https://t.co/ELtAxHOOXT https://t.co/YHom66k4zT
AWS blames Microsoft for anti-competitive practices in the UK https://t.co/542OsLCGwr
The UK government is quietly planning to monitor Brits’ financial transactions, writes Georgia L Gilholy https://t.co/KtvQSIt5aj
Canada maintains key interest rate at 5% https://t.co/jxVUftDpqe
Private credit and leveraged lending are particularly vulnerable to “sharp revaluations”, according to the Bank of England’s financial stability report https://t.co/lofMSoYFAH
Private credit and leveraged lending are particularly vulnerable to “sharp revaluations”, according to the Bank of England’s financial stability report https://t.co/FeYiNvHmbc
UK coping with higher rates for now but risks lie ahead - BoE https://t.co/0TH9sJj1jV https://t.co/GiG294zW8v
Bank of Canada holds rates, still fretting about inflation outlook https://t.co/4JJZfu6SV4 https://t.co/uB8pvxiRYm
The Bank of England says that far fewer households will struggle to meet their mortgage payments, suggesting a limit to defaults on home loans and support for the ailing property market https://t.co/KevYjjtWcK
Bank of England to conduct AI risk assessment for UK financial stability https://t.co/oKpX6DMTTc https://t.co/tiG66jGVaS
The Bank of Canada held interest rates steady for a third consecutive meeting https://t.co/QddDFzyEx5
The Bank of Canada held interest rates steady for a third consecutive meeting https://t.co/FBdvtxgH9T
BofE to review AI risk to financial stability https://t.co/ZD30adhks6
🏦 Millions of families face £240 increase in mortgage bills, warns Bank of England https://t.co/DNLEErBubn
Bank of Canada Keeps Rates At 5% As Expected, Drops Language On Rising Inflation Risks https://t.co/x86FTCHJgn
The Bank of Canada held interest rates steady for a third consecutive meeting https://t.co/35bAEWSzsF
Bank Of Canada Elects To Maintain Rates At 5.00% In December #Canada #Interestrates https://t.co/r0WzC7oVGc via @TheDeepDive_ca
🔴 BANK OF CANADA MAINTAINS POLICY RATE, CONTINUES QUANTITATIVE TIGHTENING - RATE STATEMENT https://t.co/L9wUAh5fnl
BANK OF CANADA HOLDS KEY INTEREST RATE AT 5%, MATCHING ESTIMATE
BANK OF CANADA HAS ONCE AGAIN JUST DECIDED NOT TO INCREASE INTEREST RATES IT WILL KEEP INTEREST RATES AT THE CURRENT LEVEL FURTHER SIGNALLING THAT THE BANK OF CANADA IS DONE RAISING INTEREST RATES https://t.co/8OdOCkbZDq
The Bank of England has added artificial intelligence to the list of risks to financial stability, alongside the conflict in Ukraine and the situation in the Middle East. https://t.co/lhNnLU6mes
It seems the Bank of England isn't *entirely* reassured by Treasury basis trade leverage coming down from ca 175x to a mere 70x... https://t.co/svgVr34YvP
Bank of England warns that higher rates 'have yet to come through' to an already weak economy https://t.co/cUTcYjsQk6
The Bank of England says that far fewer households will struggle to meet their mortgage payments, suggesting a limit to defaults on home loans and support for the ailing property market https://t.co/Bo4FwhJryR
Bank of England says UK coping with higher rates for now but sees risks ahead https://t.co/1LYJT8vKZn https://t.co/zt9WAztCSl
The Bank of England is still v v worried about Treasury basis trades https://t.co/MyLPHdBFMh
Bank of England warns on risks in private credit and leveraged lending https://t.co/tt4mGh0MFr
The Bank of England steps up warnings about hedge funds shorting US Treasury futures https://t.co/W53jqezGX8
The Bank of England warns that wider adoption of AI could bring systemic risk to the financial system https://t.co/OCfzOWHWkl
The Bank of England warns that wider adoption of AI could bring systemic risk to the financial system https://t.co/c316Wx6gpI
The Bank of England warns that wider adoption of AI could bring systemic risk to the financial system https://t.co/LOeS6Lsov8
The Bank of England warns that wider adoption of AI could bring systemic risk to the financial system https://t.co/PSKYVTbOPI
The Bank of England steps up warnings about hedge funds shorting US Treasury futures https://t.co/SXb6vuRxI0
The Bank of England steps up warnings about hedge funds shorting US Treasury futures https://t.co/GkrPlzTb4V
🇬🇧 Bank of England says UK coping with higher rates for now but sees risks ahead British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to the way banks fund… https://t.co/q7GPswY6Zg
An investigation into the UK’s cloud market has led to the biggest players criticising each other for their practices and alleged dominance. https://t.co/61c1GFDL2c
AWS and Microsoft call each other out in UK cloud probe https://t.co/61c1GFDdcE