The future of finance

We’re exploring what the financial system of tomorrow might look like, and what it means for the Bank of England’s priorities now and in the future.

New economics, new finance, new Bank  

“The Bank recognises that a new economy, a new world and new demographics demand a new financial system ... The new finance will develop for the new economy, not in isolation from it.” 
Governor Carney, Mansion House speech, June 2018

The future of finance project is looking at how financial services might evolve over the next decade, and what this means for individuals, businesses and financial service providers. This will help inform our thinking on future policies and capabilities.

The Governor has appointed Huw van Steenis as a Senior Advisor to lead the project.

What we will look at

Our research will cover a range of issues, including: 

Vision 2030 icon - ageing population

Ageing population

the implications of an ageing population and suitable financial options

Vision 2030 icons - big data sets

Big data sets

the emergence of big data sets and the sharing economy

Vision 2030 icon - emerging markets

Emerging markets

the integration of emerging markets into the global financial system

Vision 2030 icon - low carbon economy

Low carbon economy

how finance can help the transition to a low carbon economy

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New financial technologies

how new financial technologies can serve UK households and businesses better

A Bank of England for the future

Our research report will include a set of implications for how we can support an evolving financial system while continuing to meet our main objectives of maintaining monetary and financial stability. 

These will help us ensure that financial services continue to serve UK households and businesses effectively. 

Our plan for engagement

Over the course of this year, we will explore these and other themes in roundtables, workshops and forums with businesses and consumer advocates from around the UK.

Our events will bring together banks, insurers, technology firms, exchanges, financial market infrastructure firms, businesses and consumer groups to talk about problems, trends and potential solutions. 

We aim to complete the project around the turn of the year.

Find out more about who we’re engaging with and the questions we’ll be asking.

This page was last updated 06 November 2018
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