The latest UK payments system crash may have exposed important information about who in the financial system gets their money first. Introduction Amidst the chaos of the 19 July 2024 […]
Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]
The Bank of England is preparing to grant more non-banks access to its payment systems, the governor of the Bank said in a speech last night in London. Mark Carney […]
If there’s one obvious use case for distributed ledger or ‘blockchain’ technology, it’s in providing the future accounting systems for the world’s share and bond markets. At a stroke, shared […]
Some technologies fade away and are replaced: typewriters, punch card computers and VHS tapes are now obsolete. But in payments, new technologies may need to build on old ones, says […]
The Bank for International Settlements (BIS) has warned that cryptocurrencies such as bitcoin are a poor substitute for money issued by central banks. The Basel-based BIS, an international financial institution […]
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