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Central Banks a Stabilizing Force in Age of Fintech: Bank of England Governor

Tuesday, Oct 22 2019
News
Written by  FinTech News Brief Staff
Central Banks a Stabilizing Force in Age of Fintech: Bank of England Governor

Mark Carney, the governor of the Bank of England (BoE), said he sees “little risk” central banks will get burned by new technologies as he spoke about their role during a recent panel. So reports CNBC.

Speaking at an IMF panel in Washington, Carney also said institutions like the BoE and the Federal Reserve must be at the core of economic stabilizing efforts, if not on the “cutting edge of technology.” He also appears to be more open-minded about Facebook’s planned Libra digital currency, than some other leaders.

Read the full article from CNBC.

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