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Overview of the near future – the continuing future of finance report
Introduction by Huw van Steenis
The Governor asked me personally a year ago to lead a review of the continuing future of the UK’s economic climate, and just exactly just what it could suggest for the Bank of England’s agenda, toolkit and abilities throughout the coming ten years.
We consented this ongoing work must be grounded in just exactly just how finance acts the economy. And as a result, the way the Bank can enable innovation, empower competition and build resilience. The group and I also have actually held this uppermost within our minds.
In the last nine months, I have met with more than 300 entrepreneurs, financiers, technology organizations, international investors, customer teams, charities, policymakers and company leaders throughout the great britain and offshore.
Huw van Steenis
To simply help fund provide the electronic economy, the financial institution need:
1. Shape tomorrow’s re re payment system
Our re re re payment practices are moving even as we increasingly utilize our cards, phones and electronic wallets rather of money. The infrastructure that is underlying have to conform to these changes. Read More »