The Bank of England is developing a blueprint to modernise the UK's 20-year old real-time gross settlement system to deal with changing payment habits and the emergence of distributed ledger technology.
HM Treasury have today announced the appointment of Andrew Bailey as the new permanent Chief Executive of the Financial Conduct Authority (FCA).
Tandem, a digital banking startup led by Azimo founder Ricky Knox and Capital One's Matt Cooper, has secured a license from the BofE, paving the way for it to join the scrum of challengers taking on Britain's high street lenders.
The Bank of England is challenging students to come up with ideas for using blockchain technology to make a "positive difference to society," dangling the carrot of paid internships to those delivering the best pitches.
The UK's Chancellor of the Exchequer, George Osborne, has vowed to help make London the world's fintech capital, promising to oversee a regulatory environment that encourages innovation in areas such as mobile payments and bitcoin.
The Bank of England has today published two consultation papers: one on ring-fencing and one on operational continuity.
The Bank of England's chief economist has floated the prospect of abolishing paper cash and replacing it with a state-backed digital currency as a way of facilitating negative interest rates.
Demand for cash is unlikely to be severely dented by the growing availability of alternative forms of payment over the coming years, declares the Bank of England in its quarterly bulletin, noting that half of all UK banknotes are active in the black market or held overseas.
The UK's next £20 note will be printed on polymer in a move to make the paper currency more secure and durable.
An American football match in September led to some heart-stopping moments for a Bank of England team tasked with monitoring Twitter for sentiment about a potential bank run in the build up to the Scottish independence referendum.
© Finextra Research 2016