• Register
Return to: Home > News > Bank of International Settlements selects Bank of England to host an Innovation Hub Centre

Bank of International Settlements selects Bank of England to host an Innovation Hub Centre

This UK centre will support the global central banking and finance community through the development of digital public goods - addressing issues of critical importance for the global financial system

The decision to establish this centre is a reflection on the UK’s position as a world leader in innovation and technology in finance, with global leadership evident across the private, government and regulatory sectors.

Governor of the Bank of England, Andrew Bailey said, “I am delighted that we will be hosting a centre of the BIS Innovation Hub here at the Bank. International collaboration is vital if we are to take full advantage of the possibilities offered by technology and innovation. Now more than ever it is important the central banking community does all it can to build a more effective, resilient and inclusive financial system, and technology is an important part of that effort. By involving central banks and prudential regulators in this important work, we can help to ensure that innovation is consistent with our objectives of safety and soundness and financial stability. This centre provides an important venue to ensure the UK’s deep expertise in innovation can contribute to solving global financial issues.”

The Chancellor of the Exchequer, Rishi Sunak said, “The UK is home to a world-leading fintech sector and is at the forefront of innovation – so it’s fantastic the Bank of International Settlements has chosen to establish a Hub Centre in London. It presents an invaluable opportunity to connect the expertise of the world’s central banks, working collaboratively on innovative new ways to enhance financial services.”

Top Content

    HONG KONG NATIONALS: UNDERSTANDING VISA AND TAX WHEN MOVING TO THE UK

    Over 2 million Hong Kongers learned recently that they may soon be offered a route to UK citizenship following China’s introduction at the end of June of its controversial Security Law in the territory.

    read more

    SASB IMPLEMENTATION SERIES: COMMUNICATING ESG TO MAINSTREAM INVESTORS

    As part of a series of webinars, the Sustainability Accounting Standards Board (SASB) took a closer look at how to communicate ESG initiatives and progress to mainstream investors

    read more

    REPORTING AND COMPLIANCE: WHY WE NEED A DATA REVOLUTION

    Commerce no longer adheres to national boundaries: the largest international organisations to the smallest businesses operate in a global market. However, rules for corporate reporting and compliance do adhere to borders, write IMA’s Jeff Thomson and Liv A Watson

    read more

    CORONAVIRUS TIMELINE: REACTIONS FROM THE ACCOUNTANCY PROFESSION

    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.