Some environments can induce a kind of dream-like state in people overcome by their grandeur. You’d think that Bank of England Governor Andrew Bailey, the ‘Banker’s Banker’ would be over this by now — but no! In this year’s Mansion House speech, we were treated to his vision of… Read More
Andrew Bailey, Governor of the Bank of England, recently delivered a speech in which he commented on the major issues the UK faces, and tried to set out how they “fit together and the challenges they give rise to.” Baily said that in recent weeks,… Read More
HM Treasury and the Bank of England have announced a new consultation on the possibility of a digital pound. According to a joint statement, The consultation is being launched as the UK government wants to ensure the public has access to “safe money” while supporting… Read More
Payments specialist Banking Circle notes in a recent update on the payments, banking and Fintech space that there have been record-level investments in the UK’s vibrant Fintech sector, with $5.7 billion of VC invested across 317 deals so far in 2021. Banking Circle‘s CIO, Michel… Read More
The Bank for International Settlements (BIS) and the Bank of England (BoE) revealed on June 11, 2021, that they’ve introduced the BIS Innovation Hub London Centre, which is notably the fourth Innovation Hub Centre to have been launched in the last couple years. The BIS… Read More
The Bank of England (BoE) has long indicated it is interested in new forms of digital currencies such as Stablecoins and central bank digital currencies. In the past, the Bank has wondered about the impact to monetary policy and possible risk regarding the issuance of… Read More
Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More
Banking Circle, a financial infrastructure developer, notes that only a month into the new year, and partnerships are already beginning to emerge as “a strong theme underpinning the future of the industry.” Banking Circle also confirmed that they’ve teamed up with global provider of local… Read More
Andrew Bailey, the Governor of the Bank of England, spoke at the Brookings Institue in the US this week and he tackled a hot topic: cryptocurrencies. More specifically, Bailey spoke about the efficacy, or lack of, when using certain digital assets in payment transactions. Bailey… Read More
CC – UK Prime Minister Boris Johnson. Britain has up to 2 Million ‘mortgage prisoners’ in increasing financial stress through no fault of their own, a situation created, paradoxically, by bad, outdated regulation. There have already been 7 attempted suicides in the UK Mortgage Prisoners… Read More
The Financial Conduct Authority’s Executive Director of Strategy and Competition, Christopher Woolard, has been selected as the Interim Chief Executive of the FCA. HM Treasury announced the appointment today as current FCA Chief Executive Andrew Bailey has been tapped to take over the role of… Read More
Earlier today, the UK government announced its selection Andrew Bailey to replace Mark Carney as Governor of the Bank of England. Carney’s departure has long been anticipated and, in fact, he extended his tenure at the Bank to help provide an element of stability in… Read More
The UK Financial Conduct Authority (FCA) will ban the mass marketing of “speculative mini-bonds” to retail investors beginning January 1, 2020. The FCA is banning these mini-bond promotions without a consultation by using its “product intervention powers.” The ban will be in place for 12… Read More
The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More
Speaking at the FCA Annual Public Meeting today, Financial Conduct Authority Chief Executive Andrew Bailey delivered a wide-ranging speech on the state of the FCA. Within prepared remarks, Bailey briefly mentioned innovation in financial services, and specifically cryptoassets. Bundling up “operational resilience” and the consequences… Read More
Today was the first meeting of the UK Cryptoassets Taskforce. The previously announced group involves the participation of the Financial Conduct Authority (FCA), Bank of England (BoE), HM Treasury and other Senior government officials. Some of the named participants include, Katharine Braddick, Director General of… Read More
Andrew Bailey, Chief Executive of the UK Financial Conduct Authority (FCA), addressed the regulator’s business plan for the coming year in a speech this week. Touching upon innovations in financial services, Bailey stated; “Fintech and Big Data are transforming financial services. We will seek to… Read More
The Bank of England has approved the first non-bank payment service provider to join the UK payment system settling in central bank money. Described as a milestone event for the BoE in accommodating innovation, this is the first Fintech to gain direct accesss. Transferwise is… Read More
The UK Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have signed a formal agreement that commits the two regulatory agencies to work together to support Fintech. This is the first such agreement for the CFTC and just one of many… Read More
Appearing on the BBC’s news flagship Newsnight the head of the UK’s regulator, the FCA’s Andrew Bailey, has drawn mainstream attention to Bitcoin and the world of cryptocurrencies while admitting that they have yet to understand what he called an ‘odd commodity’. While the BBC’s… Read More
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