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UK banks and building society welcome BoE’s approach to innovation in money and payments discussion paper

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Published on: 16 September 2024

Published by LNB News

LNB News 16/09/2024

Document Information

Issue Date: 16 September 2024

Published Date: 16 September 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

UK Finance has published the contents of a letter addressed to the governor of the Bank of England (BoE) written on behalf of the eight UK stress-tested banks and building society and UK Finance. In the letter, the parties say they share the objective of ensuring the UK remains at the technological frontier of safe and resilient payments innovation, supporting openness, trade and growth. In this context the parties welcomed the BoE’s approach to innovation in money and payments discussion paper.

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