England

England have announced a pared-down list of central contracts for 2022-23 with just 18 players on the main list.

“I feel we have rewarded those players who have made a significant impact over the previous 12 months and those we expect to be part of England’s plans over the next period,” said Rob Key, the managing director of men’s cricket. While some of the omissions come as little surprise given recent selections, Malan and Jordan are still regularly seen in an England shirt and both are currently in Australia as part of England’s T20 World Cup squad. Malan, meanwhile, had just broken back into the Test side when the last contracts were awarded, but has dropped out of it again this year and despite playing all three games on England’s trip to the Netherlands in June is not a first choice in the 50-over format.

It has been buying government bonds to try to help pension funds at risk of collapsing. Earlier the Bank warned of a "material risk" to financial stability, and ...

But the underlying move came on the back of the announcement of huge amounts of extra borrowing and tax cuts without a clear plan of how to pay for them," he told BBC Radio 4's Today programme. "You've got three days left now," he told fund managers. - And the Bank of England saying it was prepared to double the amount of bonds it was buying to help support their price, while reiterating its support would end on Friday Sir John Gieve, a former deputy governor for fiscal stability at the Bank of England, said the Bank had primarily stepped in to protect pension funds, many of which hold government bonds as investments. On Tuesday, the Institute for Fiscal Studies think tank warned government departments could see "big and painful cuts" of up to £60bn a year to balance the books when Mr Kwarteng announces his economic plan on 31 October. By buying bonds, the Bank is hoping to help keep their price stable and prevent investors selling them in what it likened to a "fire sale". The Bank will now widen the emergency programme it launched on 28 September, when days after the mini-budget, investors began demanding higher rates of interest on those bonds and government borrowing costs surged to worrying levels. "It's not a fantastically good thing for pension funds to be furiously selling assets over a two-week period, so it's perfectly possible, although a lot has been done, that more help will be needed from the Bank on Friday," he said, adding: "We are in uncharted territory". "I'm afraid this has to be done, for the sake of financial stability," he said. Earlier the Bank warned of a "material risk" to financial stability, and stepped in to buy bonds for the third time since the government's mini-budget sparked alarm among investors. The boss of the Bank of England has told investors that its bond-buying to stabilise pension funds will end on Friday, despite pleas to extend it. But Mr Bailey said on Tuesday that help would stop at the end of the week, and urged pension funds to make sure that riskier investments were offset by less risky ones.

Governor sticks with Friday deadline for central bank action and tells pension funds they have three days left.

To support the development of high-potential seam bowlers, Brydon Carse, Matthew Fisher and Jamie Overton are offered Pace Bowling Development Contracts for the ...

They will all play a pivotal role in England's efforts over the next 12 months." "The international game continues to evolve, and we must be mindful that we have to lead the way in player performance across the sport. Ben Foakes (Surrey)

In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function.

“It’s like having a car with two people in front and each of them has a steering wheel and is trying to steer the car in a different direction,” Mr. Bailey said on Tuesday that he and the deputy governor for financial stability, Jon Cunliffe, had been “up all night” on multiple occasions trying to solve the problem in the bond market. “In the end, we couldn’t make a targeted intervention,” Mr. The chancellor of the Exchequer, Kwasi Kwarteng, said he would publish his “medium-term fiscal plan” on Oct. Before the program ended, it would increase the auction sizes and set up a new collateral facility to try to ease liquidity problems faced by the pension funds, which will continue beyond this week. “And my message to the funds involved and all the firms involved in managing those funds: You’ve got three days left now. On Tuesday, it bought just under £2 billion of inflation-linked bonds, and about £1.4 billion of conventional government bonds, known as gilts. After he spoke, the British pound dropped sharply against the dollar, falling from just under $1.12 to below $1.10. [left an investment strategy used by pension funds in disarray](https://www.nytimes.com/2022/09/30/business/bonds-pensions-bank-of-england.html), as they were forced to sell bonds to raise cash for collateral. For the past two and a half weeks, Britain’s financial markets have faced turmoil after investors rebuffed the tax-cutting and spending policies of Prime Minister Liz Truss and her new government. But tumult has returned as traders wonder what will happen when the bond-buying operation ends on Friday. Economists have widely condemned the policies over concerns they will stoke inflation, which is already near a 40-year high, and require large amounts of borrowing as interest rates rise.

By responding to this discussion paper, you provide personal data to the Bank of England (the Bank) (including the Prudential Regulation Authority (PRA)) ...

In particular, IOSCO recommends the implementation of ‘kill switch’ functionality in the control framework, which is similar to the existing expectations and requirements for algorithmic trading in [SS5/18](https://www.bankofengland.co.uk/prudential-regulation/publication/2018/algorithmic-trading-ss) and [Commission Delegated Regulation (EU) 2017/589 Opens in a new window](https://www.handbook.fca.org.uk/techstandards/MIFID-MIFIR/2017/reg_del_2017_589_oj/?view=chapter). [footnote [14]](#footnote-14) With respect to insurance, Rule 12.1 of the [Technical Provisions Opens in a new window](https://www.prarulebook.co.uk/rulebook/Media/Get/c8de8119-3ea9-403c-8e02-e13e1119cabf/PRA_2015_11/pdf) Part and Rule 4.3 of the [Conditions Governing Business Opens in a new window](https://www.prarulebook.co.uk/rulebook/Media/Get/bd49704c-3798-4fc1-9db5-83590baff538/PRA_2015_20/pdf) Part of the PRA Rulebook for Solvency II require firms to have internal processes and procedures in place to ensure the completeness, accuracy, and appropriateness of the data used in the calculation of their technical provisions. The [Data Protection and Digital Information Bill Opens in a new window](https://bills.parliament.uk/bills/3322) includes a provision on AI and processing special category data for the purposes of monitoring AI bias. The FCA may use these functions in relation to applications of AI in financial services in the UK. The supervisory authorities are keen to understand stakeholders’ views as to whether the current regulatory framework is sufficient to address the potential risks and harms associated with AI and/or how any additional intervention may support the safe and responsible adoption of AI in UK financial services. 1.12 Chapter 3 sets out some of the benefits and risks related to the use of AI in UK financial services. The report explores the various barriers to adoption, challenges, and risks related to the use of AI in financial services. For example, the [European Commission’s proposal for AI regulation Opens in a new window](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52021PC0206), the [Principles to promote Fairness, Ethics, Accountability and Transparency in the Use of AI and Data Analytics in Singapore’s Financial Sector Opens in a new window](https://www.mas.gov.sg/~/media/MAS/News%20and%20Publications/Monographs%20and%20Information%20Papers/FEAT%20Principles%20Final.pdf) (FEAT) and the [Veritas Initiative from the Monetary Authority of Singapore Opens in a new window](https://www.mas.gov.sg/schemes-and-initiatives/veritas), the [Organisation for Economic Co-operation and Development (OECD) AI Principles Opens in a new window](https://oecd.ai/en/ai-principles), and the [Internet Information Service Algorithmic Recommendation Management Provisions Opens in a new window](https://digichina.stanford.edu/work/translation-internet-information-service-algorithmic-recommendation-management-provisions-effective-march-1-2022/) that came in force in March 2022 in the People’s Republic of China. The primary drivers of AI risk in financial services relate to three key stages of the AI lifecycle: (i) data; (ii) models; and (iii) governance. - Regulation: exploring whether the current set of legal requirements and guidance is sufficient to address the risks and harms associated with AI and how additional intervention may support the safe and responsible adoption of AI in UK financial services. The DP considers how such legal requirements and guidance apply to the use of AI in UK financial services to support consumer protection, competition, the safety and soundness of individual firms, market integrity, and financial stability. How to regulate AI to ensure it delivers in the best interests of consumers, firms, and markets is the subject of a wide-ranging debate, both here in the UK and in other jurisdictions around the world.

Pensions hedging crisis shows how the City never seems equipped to handle the next big financial hazard.

Winding back quantitative easing would mean the Bank is both buying government bonds – to help pension funds – and selling them. The Bank of England created a £65bn facility to act as the buyer of last resort. It seems that an attempt to outsource some of the lifeboat scheme fell flat after the commercial banks entrusted with the job were unable to step in as central bank officials expected. A week later it let the world know it had only used a fraction of his facility to calm jittery nerves in financial markets. The value of government bonds began to increase. The intervention was about shoring up pension funds, which had been selling government bonds in order to meet demands for cash from their lenders.

England have today announced the new round of Men's contracts for the 2022-23 international season. Surrey's Ben Foakes, Ollie Pope and Sam Curran have all ...

They will all play a pivotal role in England’s efforts over the next 12 months.” “The international game continues to evolve, and we must be mindful that we have to lead the way in player performance across the sport. Reece Topley’s outstanding summer for England with the white ball sees him rewarded with an Incremental Contract, alongside Jason Roy.

Firms consider that ML presents a range of benefits. Currently the most commonly identified benefits are enhanced data and analytics capabilities, increased ...

Firms use a range of mechanisms and controls to manage the risks associated with ML applications. In total, 45 firms responded to the first case study (most advanced ML application) and 34 responded to the second question (ML use in critical business area). Respondents expect most risks to consumers to decrease over the next three years, with the exception of risks related to third-party data, ML ethics, and model complexity. The use of ML can bring benefits to consumers, firms, and the wider financial system. Respondents also emphasise the importance of continuous reviews and assessments of ML applications to ensure the outputs are accurate and fair. The majority of respondents in the 2022 survey (79%) had some form of strategy for the development, deployment, monitoring and use of ML (Figure 1). The survey asked respondents about the main lessons learned from the deployment and use of ML applications within their firms, including how to integrate these lessons into the broader approach to ML development. 29% of firms have specific teams that are responsible for the development and deployment of ML within the firm. The survey asked firms about the number of ML applications that were implemented internally, compared to the number of applications that were implemented externally by third-party providers (ie applications where the majority of the development or deployment actions were implemented by a third party). The areas with the highest proportion of ML applications at the pre-development stages are ‘investment banking’ and ‘treasury’ with 58% and 40% respectively. At the other end of the scale, respondents from the investment and capital markets sector have the largest number of ML applications in the pilot or small share of business stage and no critical applications. [joint survey](https://www.bankofengland.co.uk/report/2019/machine-learning-in-uk-financial-services) to gain an understanding of the use of ML in the UK financial services sector.

Czech Republic drew with England 0-0 in an international friendly at the Amex Stadium in Lucy Bronze's 100th match.

There was one moment of magic right at the end when Kirby turned her defender only to see her sweetly-struck effort tipped over the bar. Finding more fluidity in possession, England were starting to utilise the speed of their attack to cause problems. England returned to the dressing room with work to be done. Whether it was complacency or just a lack of focus, the hosts struggled to reach the high levels that have seen them dominate recently. As one of England’s legends Anita Asante was celebrated on the touchline, having recently ended her glittering playing career, a full debut was handed to their impressive youngster Lauren James. England endured a frustrating night in Brighton as they were held to a goalless draw by the Czech Republic.

England were held to a goalless draw by the Czech Republic in front of a bumper Amex crowd on Tuesday. Story continues below…

England’s best chance came on the hour when Lauren Hemp thought she’d broken the deadlock on the hour when she darted in from the right and chipped the ball over Lukasova, but watched it bounce back off the upright with Demi Stokes unable to prod the loose ball over the line. It was a good learning moment for us.” “We knew the Czech Republic would be physical, direct and tough opponents but we needed to do better in tight spaces and we lost the ball a few times when we shouldn’t have.

The England and Wales Cricket Board has announced the Central Contract offers for England Men's international cricket for the year from 1 October 2022.

They will all play a pivotal role in England's efforts over the next 12 months." "The international game continues to evolve, and we must be mindful that we have to lead the way in player performance across the sport. Ben Foakes (Surrey)

The scheme must end for the sake of UK financial stability, Andrew Bailey told BBC News. He said that managers have got to make sure that their funds are ...

On 23 September, the government announced a series of measures, dubbed a mini-budget. The Bank will not stand in the way of the market pushing up the effective cost of government borrowing as a response to uncertainty over its economic policy. The Bank is due to end its emergency bond-buying programme on Friday, but a pensions industry body urged the Bank on Tuesday to extend the support due to fears of further market turmoil. Mr Bailey was surprisingly blunt given sensitivities in the market, but the Bank always said its support to the UK government debt market was going to be temporary. On 28 September, the Bank stepped in to buy government bonds, explaining its decision was driven by concern over "a material risk to UK financial stability". The boss of the Bank of England has said a bond-buying scheme to stabilise pension funds must end on Friday, despite pleas to extend it.

England 0-0 Czech Republic: Lauren James made her first start and Esme Morgan was handed a debut but Sarina Wiegman's side were frustrated by the woodwork ...

The visitors had to resort to attempts from distance as their tactics did not support attacking in numbers. [Terms of use,](https://www.independent.co.uk/service/user-policies-a6184151.html) [Cookie policy](https://www.independent.co.uk/service/cookie-policy-a6184186.html) and [Privacy notice.](https://www.independent.co.uk/service/privacy-policy-a6184181.html) [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply.

Sterling recovered slightly after a Financial Times report said the Bank of England has privately signaled a willingness to extend its emergency bond ...

"I suspect it's going to be a few weeks of volatility and uncertainty in the marketplace. The move [sent financial markets into a tailspin](https://www.cnbc.com/2022/09/23/british-pound-plunges-to-fresh-37-year-low-of-1point10-.html), as investors sold off the pound and ditched U.K. We think the rebalancing must be done," he said. You've got to get this done." [pound](/quotes/GBP=/) fell as low as $1.0922 in Asia's morning trade before popping to $1.106 after the FT report was published. - The BOE in late September said it would delay its plan to sell U.K. government announced a radical economic plan](https://www.cnbc.com/2022/10/11/jpmorgan-ceo-says-uk-government-deserves-benefit-of-the-doubt.html), a so-called mini-budget which included unfunded tax cuts, on Sept. [delay its plan to sell U.K. [expanded its rescue package twice,](https://www.cnbc.com/2022/10/11/bank-of-england-expands-bond-market-intervention-in-effort-to-quell-volatility.html) and the authorities made a policy U-turn — [scrapping a plan to cut taxes for the highest earners.](https://www.cnbc.com/2022/10/03/british-pound-jumps-on-reports-uk-government-will-u-turn-on-cut-to-top-tax-rate.html) Calls for extension government bonds and buy long-dated bonds for two weeks](https://www.cnbc.com/2022/09/28/bank-of-england-delays-bond-sales-launches-temporary-purchase-program.html) as part of emergency measures to calm the market. It was trading at $1.0988 by 6 a.m. The

The Bank of England boss says it will stop buying bonds to help pension funds this week despite pleas to continue. The emergency bond-buying programme aimed ...

"What has caused the effect in pension funds... It suggested the support should be extended until 31 October, when chancellor Kwasi Kwarteng is due to detail his economic plan explaining how he will balance the public finances. is not necessarily the mini-budget. He told BBC Radio 4's Today programme that "jumping to conclusions about causality is not meeting the BBC's requirement for impartiality" after Mishal Husain suggested the chancellor's actions had been the trigger for the fluctuations in the value of the pound and government bonds. Mr Bailey told the BBC he had stayed up all night to try and find a solution and said the Bank was doing everything it could to preserve financial stability, but said it had always been clear that the help would be temporary. "I'm afraid this has to be done, for the sake of financial stability," he said.

Since 2006, 24,000 farms have benefited from CSF advice, helping farmers take more than 80,000 positive actions to reduce pollution. Reductions in agricultural ...

CSF also works in partnership with a range of organisations including water companies, local authorities, trade bodies and environmental organisations. CSF is led by Natural England, in partnership with Defra and the Environment Agency. Since 2006, 24,000 farms have benefited from CSF advice, helping farmers take more than 80,000 positive actions to reduce pollution.

The warning comes despite reports suggesting the Bank of England could in fact extend its bond-buying programme.

[Sterling](/topic/sterling) fell by 0.85% to 1.099 against the dollar. “Part of the essence of a financial stability intervention is that it is clearly temporary.” Part of the essence of a financial stability intervention is that it is clearly temporary

A £65bn intervention by the Bank has failed to quell turmoil on the bond markets, with the value at which government debt trades continuing to fall. However, ...

As markets closed on Tuesday, Threadneedle Street said it had spent £3.3bn buying up bonds, marking a dramatic increase in the Bank’s spending, which had totalled £5bn over the first eight days of the scheme. The Bank’s latest statement appears to contradict those reports. The governor confirmed this position yesterday, and it has been made absolutely clear in contact with the banks at senior levels.”

Vladimir Putin said that repairing the Nord Stream pipelines, which transported gas from Russia to Europe before they were sabotaged, is possible only if it ...

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Curran was then the pick of the bowlers, taking 3-25, including the wicket of Tim David for 40 in a critical 18th over that tipped the game in the tourists' ...

Dawid Malan smashed 82 from 49 balls to help England to an eight-run victory over Australia in the second T20 international in Canberra.

Mitch Marsh and Marcus Stoinis accelerated the innings but both fell too soon – Marsh for 45 off 29, Stoinis for 22 off 13, both mistiming pulls and falling victim to fine low catches. Mitch Marsh drove wide of long-off and the ball was already over the rope when the 31-year-old, sprinting to his right, dived, plucked it one-handed from the sky and threw it back under his body in one motion. Having restricted England to 187 for 7, a moderate score for all Malan and Moeen’s efforts, Australia knew there was no need to be frenetic as they started their reply. Ben Stokes again failed with the bat, but his contribution was felt in other areas - he opened the bowling for the first time in his T20 career and produced the moment of the match in the field. On Sunday he slid down England’s batting order like a greased-up pre-teen on a waterslide, on Tuesday he lost his central contract and on Wednesday he arrived at Canberra’s Manuka Oval with an axe to grind and a bat to wield. In the first game in Perth, Malan ended up unbeaten having faced only two balls.