Laurence B Mussio and Paul Samson explore how the ledger has proven more sovereign and powerful than the sword. In today’s era of digital currencies and evolving geopolitics around payment systems, they illuminate how global power will continue to rest with those who control the ledger

As technology evolves, Sarah Breeden sets out the Bank of England’s vision for UK finance: a robust, multi-money retail payments system that promotes greater competition and innovation, and a multi-asset, multi-currency approach to tokenising the markets of the UK’s global financial centre

Sam Woods reflects on the nature of banking supervision. Taking stock of how supervision has evolved in the UK and internationally, he considers what the role of a supervisor is and how it might evolve in future

Stablecoins are not an efficient way to strengthen the international role of the euro, says Christine Lagarde. The best solution to do so remains: deeper capital market integration through the savings and investment union and a stronger safe asset base

Global efforts to tackle the climate and nature crises have not progressed as hoped, says Christine Lagarde. This sharpens the case for deeper analysis from the research and central banking communities to better understand the risks to price and financial stability

Christopher Waller emphasises the need for the Federal Reserve to modernise its operations to adapt to a changing world. This includes reducing costs, effectively managing risk, and delivering value to the American taxpayer