Tagged: mark carney

June 28, 2017 @ 12:00 pm By JD Alois  |  

The Financial Stability Board (FSB) has weighed in on the burgeoning Fintech sector of finance. The FSB has been analyzing “financial stability implications” potentially created by Fintech innovation. The FSB says it is specifically seeking to identify “supervisory and regulatory issues that merit authorities’ attention”…. Read More

April 17, 2017 @ 2:00 am By JD Alois  |  

Last week at the International Fintech Conference in London, Mark Carney, Governor of the Bank of England, delivered a speech on what he and the bank is doing to assure that Fintech innovation survives in the world’s leading Fintech Hub. Carney is an early convert… Read More

January 25, 2017 @ 11:00 pm By JD Alois  |  

The current Governor of the Bank of England, Mark Carney, has engendered much respect from the land of Fintech. An unabashed supporter of the potential for financial innovation to improve financial services for all, Carney has periodically addressed the subject of Fintech with pointed speeches…. Read More

September 9, 2016 @ 6:10 pm By JD Alois  |  

“It is hardly possible to overrate the value…of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar…such communication has always been…one of the primary sources of progress.” –John Stuart Mill… Read More

July 6, 2016 @ 9:27 am By JD Alois  |  

Yesterday the Financial Policy Committee (FCP) of the Bank of England relaxed bank capital requirements in a proactive move designed to stave off a looming, Brexit driven slowdown. Bank of England Governor Mark Carney stated; “The UK has entered a period of uncertainty and significant… Read More

July 2, 2016 @ 2:03 pm By JD Alois  |  

Embedded below is the speech by Mark Carney, the Governor of the Bank of England. The remarkable situation engendered by the EU referendum results compelled Carney to deliver a calming speech effectively telling the UK it could weather the storm; “The UK can handle change…. Read More

July 1, 2016 @ 8:37 am By JD Alois  |  

Mark Carney, Governor of the Bank of England, stated in a speech on the Brexit yesterday that while the “result of the referendum is clear. Its full implications for the economy are not”, he also affirmed it was something the UK economy can handle. EPTSD:… Read More

June 17, 2016 @ 5:00 pm By JD Alois  |  

The Bank of England is getting into the Fintech space.  In a speech by Mark Carney, Governor of the Bank of England, Carney embraced the disruptive transformation that is impacting all forms of finance.  He pointed to Fintech advocates who believe; “…the wave of innovation… Read More

June 17, 2016 @ 9:55 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, delivered a speech today at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London, entitled “Enabling the FinTech transformation: Revolution, Restoration, or Reformation?” Noting that “transparency is the hallmark of modern central… Read More

March 1, 2016 @ 5:14 am By Erin Hobey  |  

The Financial Stability Board seeks to evaluate the potential for systemic risk posed by emerging innovations in financial technology, a move which may mark the beginning of the end to the regulatory advantages enjoyed by fintech firms operating at the fringes of the financial services sector, according… Read More

November 30, 2015 @ 10:54 am By JD Alois  |  

The Bank of England (BOE) announced the extension of the Funding for Lending Scheme (FLS) that was designed to provide easier access to capital for SMEs.  The BoE stated the program will provide lenders with continued certainty over the availability of cheap funding to support lending… Read More

December 2, 2014 @ 3:56 pm By JD Alois  |  

As expected, the Bank of England and HM Treasury have jointly announced a one year extension of the Funding for Lending Scheme (FLS).  The program, launched back in July of 2012, is designed to encourage lending to SME’s.  To date the program has failed to… Read More