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Home > News and Publications > Quarterly Bulletin 2016 Q4
 

Quarterly Bulletin 2016 Q4

16 December 2016

Topical articles

Ring-fencing: what is it and how will it affect banks and their customers?​Ring-fencing: what is it and how will it affect banks and their customers?

By Katie Britton, Lindsey Dawkes, Simon Debbage and Talib Idris

Ring-fencing will require large UK banks to separate their core retail banking services from their investment and international banking activities by 1 January 2019. This article examines the background to ring-fencing, the development of the policy and how it will be delivered.

 

​​Agent-based models: understanding the economy from the bottom up​​Agent-based models: understanding the economy from the bottom up

By Arthur Turrell

This article considers the strengths of agent-based modelling, which explains the behaviour of a system by simulating the behaviour of each individual ‘agent’ in it, and the ways that it can be used to help central banks understand the economy.

 

The financial position of British households: evidence from the 2016 NMG Consulting Survey​​The financial position of British households: evidence from the 2016 NMG Consulting Survey

By Philip Bunn, Nicola Shadbolt, Tamara Li and Thomas Stratton


An analysis of results of the 2016 NMG Consulting survey on household finances, which was carried out in early September after the vote to leave the EU and our Monetary Policy Committee’s decision to cut Bank Rate. Evidence from the survey provides an insight into how people have been affected by these events.

Recovery planning: preparing for stressRecovery planning: preparing for stress

By Philip Sellar and Dele Adeleye
This article outlines the ongoing work to increase banks’ resilience to stress through recovery planning, and the progress made since the financial crisis.

Recent economic and financial developments

The first section of this article reviews developments in financial markets between the 2016 Q3 Quarterly Bulletin and 1 December 2016. The second section goes on to describe the Bank’s own operations within the Sterling Monetary Framework.
 

Report

The foreign exchange and over-the-counter interest rate derivatives market in the United Kingdom
By Alexander Hutton and Edward Kent

This article analyses the results of our triennial survey of turnover in the UK’s foreign exchange and over-the-counter interest rate derivatives market. It looks at some of the factors that may account for the decrease in UK foreign exchange turnover, and comments on other aspects of the survey including changes in the geographical location of trading and the mix of products and investors.

Quarterly Bulletin 2016 Q4 Appendices

 
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