Response to: The Bank of England’s approach to innovation in money and payments
Response to:
The Bank of England’s approach to innovation in money and paymentsLink opens in a new window
October 2024
The Gillmore Centre for Financial Technology at Warwick Business School is pleased to publish its response to the Bank of England’s Discussion PaperLink opens in a new window on its approach to innovation in money and payments.
The Discussion Paper spans a broad range of topics in both retail and wholesale payments, and considers the role of the central bank in shaping and responding to emerging developments.
We convened a group of expert contributors to prepare a comprehensive response. Our submission explores key areas of innovation—including tokenised deposits, stablecoins, programmable platforms, and the potential future role of central bank digital currencies (CBDC). Drawing on multidisciplinary perspectives, we highlight not only the transformative opportunities these innovations may offer, but also the systemic, monetary, and financial stability implications they also raise.
We hope this submission contributes constructively to the Bank’s consultation and supports further dialogue. We welcome engagement from policymakers, industry participants, and fellow researchers.
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