The word “blockchain” was once used as a marketing gimmick for companies pivoting into an ill-understood, gimmicky world. But blockchain technology is a good way of organising information without reference to a central agent. And that’s now official – the regulatory authorities are using it in an innovative way. Our friends at Finextra report: The […]
On this Earth Day, AltFi reports on things green going on in the Fintech world. An excerpt from the piece runs below: Former governor of the Bank of England Mark Carney is leading some of the world’s biggest banks and asset managers on an initiative to reach net-zero emissions by 2050. To kick things off, 43 banks […]
Welcome to a new week, with yet more news on the ever-changing Fintech sector. Although there’s a major announcement of investment in Fintech by Goldman Sachs, we think the most significant story of the day is the announcement on central bank digital currency (CBDC) from the Chancellor. Our friends at Finextra carry the detail: Chancellor […]
You may have missed it, but the annual gathering of the great and the good at the economic forum in Davos, Switzerland, is taking place. It’s all happening virtually, ie, online. There have been a couple of amusingly self-deprecating comments from senior journalist bemoaning the loss of endless refreshments. There’s also been some news, notably […]
Our friends at Crowdfundinsider report a presentation on the future of FinTech by Bank of England governor, Mark Carney, that Crowdfundinsider expects to “rattle a few cages” in mainstream finance. “Governor of the Bank of England, Mark Carney, has engendered much respect from the land of Fintech. An unabashed supporter of the potential for […]
The Bank of England has published its Statistical Release for Money and Credit for December 2015. During the month, loans to non-financial businesses decreased by £3.7 billion compared to an average monthly decrease of £0.3 billion over the previous six month period. As a result of the sharp decline in December, the twelve-month growth rate […]
Here’s part two of my blog on the interest-rate outlook, and the Bank of England’s policy. The main reason that interest rates have been left on hold is that underlying economic growth is slowing. If the estimate for third quarter GDP growth is correct, then the year-on-year figure for GDP is 2.3 per cent, which […]
“It is perhaps a mark of how far we’ve come since 2008 that the governor of the Bank of England can suggest that the time has come for people to start showing bankers a little respect,” opines CityA.M., commenting on Governor Mark Carney’s speech this week. That speech prompted BBC’s flagship news programme, Newsnight, to […]
Mark Carney, the Governor of the Bank of England, said earlier this year that things would get more exciting with regard to interest rate policy at the turn of the year. Now he has indicated that UK interest rates are unlikely to rise before 2017. Part of the reason for this is that inflation remains […]
Today we offer the views of two well respected commentators on crowdfunding and peer-to-peer lending, both of whom believe we are at a critical juncture in the provision of funding for small and medium-sized enterprises (SMEs). Ryan Weeks, editor of AltFi, looks at the impact of a projected rates rise in the UK: “Governor of […]