Bank Of England Urges Regulation Of Payments Innovation

Law360 (September 3, 2020, 8:07 PM EDT) -- Bank of England Gov. Andrew Bailey urged national financial regulators to coordinate on payments innovation, speaking at a virtual event held by the Brookings Institution on Thursday where he outlined a variety of regulatory questions and challenges arising from the use of blockchain and digital currencies.

In light of various private and public sector developments that promise to bring the use of digital currency a wider audience, Bailey urged regulators to be wary of the potential threats to financial stability that may stem from widespread use of fiat backed digital currencies, known as stablecoins, or central bank digital currencies, also known...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!