Bank of England Announces Regulatory Updates and Penalties in March 2026

In March 2026, the Bank of England issued multiple regulatory announcements affecting financial institutions. Ruth Smith sent correspondence regarding preparations for the third Resolvability Assessment Framework (RAF) evaluation. The central bank also modified pricing for its Discount Window Facility, as detailed in a market notice dated March 27, 2026. Additionally, reporting and disclosure obligations under the bank failure framework were simplified. The Prudential Regulation Authority (PRA) imposed a £2 million penalty on The Bank of London and its parent entity, Oplyse Holdings Limited, for conduct violations. Another market notice on March 20, 2026, addressed gilt sales through the Asset Purchase Facility. These actions reflect ongoing regulatory adjustments and enforcement efforts by UK financial authorities.