Bank Underground, the blog written by Bank of England staff

Bank of England blog: HTTPS only<p>Bank of England primary website: HTTP only<p>They get bonus points for their Let&#x27;s Encrypt cert and a solid &#x27;A&#x27; on SSL Labs (some amusing alt names on the cert though - not their fault and no big deal).<p>Maybe someone at the bank will realize soon that HTTPS is for more than protecting log-ins, it guarantees the integrity of the page and makes sure the browser displays only and exactly what was sent, with no tampering in transit.

completely irrelevant point of clarification: bank underground refers to the London Underground (metro station) stop immediately in front of the bank, rather than some sort of anarchist agenda (but given UK civil servants general ambivalence towards authority there may be a slightly sly nod to the alternative reading of this).

This looks promising and different. I like that they say up front that some staff opinions will align with the views of the organization and some will not. I&#x27;m sure someone will come up with something shallow to complain about but this is actually cool.

This blog is like a guerrilla offshoot from the BoE from staff who are trying to tell us we are being robbed blind by the banks.<p>Best one is this:<p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;06&#x2F;30&#x2F;banks-are-not-intermediaries-of-loanable-funds-and-why-this-matters&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;06&#x2F;30&#x2F;banks-are-not-inter...</a><p>Banks do not intermediate funds when lending they create new money. This has interest due on it. Create more to cover the interest or die.<p>Please HN have a read as I see so many disheartening comments on HN about finance. It&#x27;s depressing.

This is a great site for anyone who is interested in macro economics and global credit issues.<p>I&#x27;ve followed it for the past year and here is a list of &quot;curated&quot; articles from the blog that I found interesting enough to bookmark and make notes on:<p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;05&#x2F;03&#x2F;the-growth-of-peer-to-peer-lending-platforms-and-prospects-for-banks-disintermediation-hype-or-real-threat&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;05&#x2F;03&#x2F;the-growth-of-peer-...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;22&#x2F;1602&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;22&#x2F;1602&#x2F;</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;18&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;18&#x2F;</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;30&#x2F;rational-and-behavioural-drivers-of-financial-markets-the-case-of-search-for-yield&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;30&#x2F;rational-and-behavi...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;20&#x2F;does-oil-drive-financial-market-inflation-expectations&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;20&#x2F;does-oil-drive-fina...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;14&#x2F;is-starting-a-new-market-like-opening-a-nightclub&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;10&#x2F;14&#x2F;is-starting-a-new-m...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;11&#x2F;19&#x2F;regulatory-arbitrage-in-action-evidence-from-cross-border-lending-and-macroprudential-policy&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2015&#x2F;11&#x2F;19&#x2F;regulatory-arbitrag...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;01&#x2F;15&#x2F;testing-the-test-how-reliable-are-risk-model-backtesting-results&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;01&#x2F;15&#x2F;testing-the-test-ho...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;02&#x2F;29&#x2F;stress-tests-the-small-print-matters&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;02&#x2F;29&#x2F;stress-tests-the-sm...</a><p><a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;31&#x2F;modelling-banking-sector-shocks-and-unconventional-policy-new-wine-in-old-bottles&#x2F;" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;03&#x2F;31&#x2F;modelling-banking-s...</a><p>The bank of England has been very lucky with the people it has had lead it in the past 20 years. It had Mervyn King lead it up until recently and since then Mark Carney, they stole him from the same position in Canada:(, has lead them. England&#x27;s been very lucky to have these two people in charge of its fiscal path.<p>Canada has certainly missed Mark Carney&#x27;s leadership.<p><a href="http:&#x2F;&#x2F;www.bloombergview.com&#x2F;articles&#x2F;2016-05-05&#x2F;the-book-that-will-save-banking-from-itself" rel="nofollow">http:&#x2F;&#x2F;www.bloombergview.com&#x2F;articles&#x2F;2016-05-05&#x2F;the-book-th...</a>

This is a really good resource for anyone interested in economics at any level, but personally I would like them to provide a children&#x27;s version (Which would suit my level of interest better).

This is fluff. Is there a banking equivalent of (no longer available) NightJack?<p>(If you don&#x27;t know because maybe you don&#x27;t live in the UK, NighJack was a blog written by a cop, off the record)

The top post [0] leads with a factually incorrect assertion:<p>&gt;Peer-to-peer lending platforms (P2P platforms) emerged after the financial crisis by catering for pent-up demand for unsecured borrowing from individuals and small businesses.<p>Prosper was started in 2005 and the article&#x27;s primary example, Zopa, started in 2004.<p>[0] <a href="https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;05&#x2F;03&#x2F;the-growth-of-peer-to-peer-lending-platforms-and-prospects-for-banks-disintermediation-hype-or-real-threat&#x2F;#more-1705" rel="nofollow">https:&#x2F;&#x2F;bankunderground.co.uk&#x2F;2016&#x2F;05&#x2F;03&#x2F;the-growth-of-peer-...</a>

&quot;Our goal is to bring more of our thinking into the public domain...&quot;<p>Like any other bank: Rob the small people, give to the rich, make the government your bitch