It is five years since Brexit. Jesper Berg, Rebecca Christie, Hans Geeroms and Francesco Papadia argue that the EU and UK should address issues with the clearing and settlement industry and letterbox firms to protect financial stability, withstand transatlantic turmoil and help their respective economies thrive
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Dave Ramsden discusses the BoE’s role in wholesale payments infrastructure and innovation, examining how both public and private innovation could reduce market frictions and support growth, outlining the Bank’s next steps for experimentation in wholesale payments
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It’s only a matter of time before technological advances turn current generative AI issues into challenges rather than insurmountable problems. Michael Barr has high hopes for generative AI in making a sound and resilient financial system for all
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Global financial instability continues to be a major concern. Luigi Wewege explores offshore banking and how it has evolved for individuals and businesses as a forward-thinking strategy for financial security in 2025 and beyond
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Advances in AI have accelerated rapidly over the past few years. Michael Barr considers generative AI, which he believes has the potential to change how we think about productivity, labour markets and the macroeconomy
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Financial institutions are rapidly embracing AI. Jon Danielsson argues that AI introduces novel stability risks that the financial authorities may be unprepared for, raising the spectre of faster, more vicious financial crises
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Quantum computers may have a profound impact on the financial system. Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi, and Andras Valko explore the transformative potential to the financial system, including the potential benefits as well as the main risks
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What is the end goal of the fintech revolution? Patrick Harker focuses upon the risks of artificial intelligence and machine learning to the financial system
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Christopher Waller discusses the roles of centralized and decentralized finance, and whether they are substitutes or complementary to each other
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The global economy is facing rifts comparable to the pressures that resulted in ‘economic nationalism, a collapse in global trade and the Great Depression of the 1920s, Christine Lagarde warns
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