Quarterly Bulletin - 2020 Q4

Our Quarterly Bulletin explores topics on monetary and financial stability and includes regular commentary on market developments and UK monetary policy operations.
Published on 18 December 2020

Topical articles

The impact of Covid on machine learning and data science in UK banking

This article reports findings from a survey conducted in August 2020 of banks headquartered or operating in the UK. The survey sought to understand how Covid has affected the adoption and use of machine learning and data science. We will continue to monitor how these technologies are used, including their benefits and risks, and explore how we can best support their safe adoption.

The impact of Covid on machine learning and data science in UK banking Opens in a new window

 

Cash in the time of Covid

During the Covid pandemic the way people use cash has changed, with less being used for transactions. People are spending less cash, but the total value of banknotes in circulation has increased as people appear to choose to hold more cash. These trends have persisted for a number of years, but have been magnified by the pandemic. This article explores the impact of the Covid pandemic on cash usage.

This article was published on 24 November 2020, outside of the normal Quarterly Bulletin publication schedule.

Cash in the time of Covid Opens in a new window

 

The Resolvability Assessment Framework: increasing transparency and accountability in bank resolution   

In July 2019, we published the Resolvability Assessment Framework (RAF), the last major piece of the UK’s bank resolution regime. This article explains the motivations for the RAF and sets out how the RAF extends our approach to resolution policy. It also explores how banks can use our stylised resolution timeline to understand the key steps they could need to take during a resolution.

This article was published on 16 November 2020, outside of the normal Quarterly Bulletin publication schedule.

The Resolvability Assessment Framework: increasing transparency and accountability in bank resolution Opens in a new window

 

Share your thoughts with us at QuarterlyBulletin@bankofengland.co.uk.

Give your feedback

Was this page useful?
Yes
No
Add your details...