BOE Governor Carney Points to Financial Crisis for Lessons to Apply to Fintech  

Speaking at the International Fintech Conference hosted by the UK government, Bank of England Governor Mark Carney explained how the Bank of England is looking at the new rise of fintech firms; “Light touch regulation, out-moded codes of market conduct, inadequate settlement and clearing infrastructure all contributed, we can draw on these experiences to help ensure that fintech boosts growth and promotes financial stability,” explained Carney; he also pointed out that regulators cannot hamstring innovation as the benefits from fintech should not be stamped out by regulation. Source

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