About Our Client

The Bank of England was founded in 1694 to act as banker to the Government.

Today, our responsibilities are much broader.

The Bank of England:

• Provide ways to pay for things safely by producing banknotes for England and Wales that are hard to counterfeit, supervising payment services (e.g., Visa) and running core systems that allow people, businesses and banks to make large transfers (e.g., CHAPS).


• Keep prices low and stable by setting the main interest rate, which affects spending across the country and helps keep inflation (the rate at which prices rise) on or close to the Government's 2% target.


• Regulate major banks, building societies, credit unions, insurers and investment firms in the UK via our Prudential Regulation Authority.


• Stabilise the country's financial system by lending to other banks, providing liquidity support to financial institutions and ensuring failing...