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Bank of England and Bank for International Settlements Establish Innovation Hub in London
The
Bank of England (BoE) revealed on June 11, 2021, that they’ve introduced the
BIS Innovation Hub London Centre, which is notably the fourth Innovation Hub Centre to have been launched in the last couple years.
The BIS and its partners are taking a “leading role” in coordinating the work of reserve banks on tech innovation in the financial industry to pave the way forward for the “future of central banking,”
Agustin Carstens, GM at BIS, noted.
This new Centre in London “reflects the Bank of England’s critical role as an innovator in responding to the challenges and opportunities of the digital world while safeguarding financial stability,” Carstens added.
<p><span>The Bank for International Settlements (BIS) and the Bank of England today launched the BIS Innovation Hub London Centre, the fourth new Innovation Hub Centre to be opened in the past two years.</span></p>
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