Mr Brett Carr

Brett Carr

Updates

Banking & Financial Services

BoE governor speaks: payments firms should expect regulatory change
United Kingdom | 29 September 2020

Bank of England Governor Andrew Bailey recently delivered a speech entitled "Reinventing the Wheel (with more automation)", in which he outlined regulatory changes that payments market participants can expect, including as part of the global regulatory response to stablecoins. Bailey emphasised the importance of not stifling innovation and highlighted the benefits that stablecoins, in particular, could offer.