This Quarterly Bulletin consists of three articles:
Strengthening the link between seniority and accountability: the Senior Managers and Certification Regime
This article provides details of the Senior Managers and Certification Regime (SM&CR). The SM&CR was introduced to promote safety and soundness of regulated financial services firms and financial stability by strengthening the link between seniority and accountability.
Feliks Topolski: Drawing Debden
The Bank of England’s Printing Works at Debden, Essex, opened for business in March 1956. Artist Feliks Topolski was commissioned to capture scenes of the new Printing Works in operation. This article, along with a new exhibition opening at the Bank of England Museum, form a compelling record — not just of the process of making money, but of the staff who carried out the work, and of the building itself.
Gauging the globe: the Bank’s approach to nowcasting world GDP
This article looks at different models used to assess the momentum in the world economy, which forms a key input into the Monetary Policy Committee’s assessment of the UK economic outlook.