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Unbeknown to Most, A Financial Revolution Is Coming That Threatens to Radically Transform Everything (And Probably Not for the Better)

Given how much is at stake, this financial revolution is among the most important questions today's societies could possibly grapple with. It should be under discussion in every parliament of every land, and every dinner table in every country in the world.
United States United Kingdom South Australia South Africa South African Agustin Carstens

Central bankers not ready for digital coin

Policymakers around the world are all looking closely at developing central bank digital currencies, as the use of hard cash lessens, but they have yet to decide whether to give a retail CBDC (Central Bank Digital Currency) the go ahead. Even if the decision were to give the green light for it, the roll-out of a CBDC for an advanced economy would not be...
United Kingdom City Of Paul Chilcott Gabriela Guibourg Xavier Rolet Starling Bank

Bank Of England: Minutes Of The Meeting Of The Court Of Directors Held On 20 September 2021

<p><span>The Banks Court of Directors acts as a unitary board, setting the organisations strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.</span></p>
Elouise Johnston Afua Kyei Sarah John Dido Harding Paul Mcardle Dave Ramsden

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"Programmable Digital Currency": The Next Stage of the New Normal?

Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on. From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium of exchange outside the financial status quo, it was only a matter of time before the new alternative would be absorbed, mod...
South Africa New Zealand United Kingdom Jerome Powell Agustin Carstens International Settlement Bank

Do We Need 'Public Money'? - Speech By Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Given at the OMFIF Digital Money Institute, London

Do We Need ‘Public Money’? - Speech By Jon Cunliffe, Bank Of England, Deputy Governor, Financial Stability, Given at the OMFIF Digital Money Institute, London Date 13/05/2021 The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world. Speech I want to talk today about whether we need ‘public money’. I should make clear that I am not talking here about public spending but rather about the for...
United Kingdom Miranda Hewkin Smith Julian Schelle George Barton Ben Dovey Christina Segal Knowles

Ore-inspiring! The race to raise £1.6m to save Yorkshire's Victorian iron kilns

Sun 13 Dec 2020 04.15 EST They can be seen for miles around, a monumental relic of Victorian industry amid the stunning beauty of the North York Moors. But almost 100 years since the Rosedale iron kilns were last fired, they are in danger of being lost. The 16 brick arches at the end of a 12-mile railway track, hand-built by navvies and cut into valley walls, are crumbling after decades of being battered by wind and rain. Now the North York Moors National Park Authority is preparing to launch a...
North York Moors North Yorkshire United Kingdom North York Moors National Park York Moors National Park Authority North York

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