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Get ready for self-driving banks 12 Jan, 2021 08:16 PM 4 minutes to read The way our banks operate continues to evolve. Photo / Getty Images Financial Times By: Brian Brooks In 1961, Popular Science magazine envisioned self-driving cars. The reality arrived sooner than anyone anticipated, and before safety regulators could adapt. Most automotive laws on speed limits, giving signals, drink-driving had been designed to protect against dangerous drivers, not dangerous cars. Autonomous vehicles brought new risks that legacy rules never considered. As one headline on the Wired website put it: Who s Regulating Self-Driving Cars? Often, No One . Banking is headed down the same road. And it s being driven by the technology behind decentralised finance, or DeFi. But just as the original rules of the road protected us from other drivers, so our current bank regulations exist mainly to prevent human failings.

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