Carney: financial infrastructure is now ‘fit for purpose’ for fintech
Bank of England governor announces RTGS will be opened to a broader range of participants
The governor of the Bank of England has said the central bank’s regulatory frameworks are now “fit for purpose” to foster fintech innovation.
Speaking at the International Fintech Conference in London today (April 11), Mark Carney explained how the BoE was fostering financial innovation now that the correct “hard” and “soft” infrastructure is in place.
Hard infrastructure, Carney said, is the physical wires and transport links that allow companies to do business, while soft infrastructure
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