The Bank of England’s Real-Time Gross Settlement Renewal Programme
Winter 2025/26This study will examine whether the Bank has managed the RTGS renewal programme effectively to achieve a new system resilient to future risk.
Search results for 'Banks and financial services'
Showing 1 - 16 of 16 results
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Managing the Bank of England’s Central Services
Published on:This report examines whether the Bank of England has a sufficiently ambitious strategy for developing efficient and cost-effective Central Services.
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The first sale of shares in Royal Bank of Scotland
Published on:The first sale of government shares in the Royal Bank of Scotland in August 2015 was well planned and organised and represented value for money.
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The first sale of shares in Royal Bank of Scotland
Published on:The first sale of government shares in the Royal Bank of Scotland in August 2015 was well planned and organised and represented value for money.
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Financial services mis-selling: regulation and redress
Published on:The Financial Conduct Authority cannot know whether its activities are reducing the overall scale of financial services mis-selling to consumers. The most prominent example of mis-selling is Payment Protection Insurance (PPI). Between April 2011 and November 2015, firms paid out £22.2 billion in compensation to more than 12 million customers who had bought PPI.
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Financial services mis-selling: regulation and redress
Published on:The Financial Conduct Authority cannot know whether its activities are reducing the overall scale of financial services mis-selling to consumers. The most prominent example of mis-selling is Payment Protection Insurance (PPI). Between April 2011 and November 2015, firms paid out £22.2 billion in compensation to more than 12 million customers who had bought PPI.
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Financial institutions landscape
Published on:The government is selling assets on an unprecedented scale but, given the equally large scale of its new loans and other initiatives, the overall projected net effect is a £200m increase in borrowing.
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Report of the Comptroller and Auditor General: Whole of Government Accounts 2009-10
Published on:The Whole of Government Accounts (WGA) are the very first audited set of accounts showing in one place the financial position of the whole public sector. However, the NAO considers that the picture is incomplete.
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Refinancing the Public Private Partnership for National Air Traffic Services
Published on:Sir John Bourn, head of the National Audit Office, reported today that the refinancing of the public private partnership for NATS, completed late last year, has put the Company on a much more robust financial footing, enabling it to make further vital investment to expand the capacity of Air Traffic Control to meet future growth […]
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The Public Private Partnership for National Air Traffic Services Ltd
Published on:Sir John Bourn, head of the National Audit Office, reported today that the public private partnership for NATS contains many positive elements. But the financial position of the Company will need strengthening to enable it to make further vital investment to expand the capacity of Air Traffic Control. In its study of the PPP for […]
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When regulation affects everything from education to transport, how do we make regulation effective?
Published on:Good regulation can be used to achieve a range of different aims and opportunities. It can support innovation, make workplaces safer, or help to keep essential services affordable.
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Investigation into the Bounce Back Loan Scheme
Published on:This investigation describes the scheme’s purpose and how it functions, performance to date, and how government manages value-for-money risks.
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Investigation into the management of the Libor Fund
Published on:The Government has committed £933 million from the Libor Fund, but cannot yet confirm that all the money has been used as intended.
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Investigation into the management of the Libor Fund
Published on:The Government has committed £933 million from the Libor Fund, but cannot yet confirm that all the money has been used as intended.
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NAO Briefing for the Treasury Select Committee – Performance of HM Treasury 2007-08
Published on:This briefing has been prepared for the Treasury Select Committee (the Committee) to provide an overview of the work and performance of HM Treasury in the financial year 2007-08 and subsequent months. This briefing focuses upon the Treasury’s internal management and its financial position as a department in its own right.
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The Refinancing of the Fazakerley PFI Prison Contract
Published on:Sir John Bourn, head of the National Audit Office (NAO), told Parliament today that the Prison Service had secured £1 million of the expected £10.7 million increase in returns to shareholders of Fazakerley Prison Services Limited, following the refinancing of the Fazakerley prison contract let under the Private Finance Initiative (PFI). Further refinancings of PFI […]