Why we set up the Future of Finance project
“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
We set up the future of finance project to look at how financial services might evolve over the next decade, and what this could mean for everyone who uses, provides or regulates them.
We commissioned Huw van Steenis in May 2018 to lead this research and to report his findings and recommendations. We published Huw van Steenis’ report and our response to it on 20 June 2019.