Leading academics have welcomed comments made by a senior Bank of England official that Internet-based currencies could drive central banks to extinction. Speaking at a banking conference in Wyoming recently, the Bank of England’s deputy governor, Mervyn King, admitted that emerging forms of currency used in Web-based trade could fall beyond the control of the world’s central banks. Losing control of the money flow will naturally mean the loss of economic power and could wipe out central banks altogether, according to King. Ian Angell, professor of information systems at LSE, said King’s comments are a refreshing change from the traditional lack of forward thinking exhibited by ‘mealy mouthed’ Bank of England officials. Angell claims King’s prediction that central banks could become redundant will come true.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more