The views expressed in these remarks are those of the speaker in his role as FSB Chair and do not necessarily reflect those of the FSB or its members.
Good morning and welcome to the Bank of England. It is our pleasure to host this important event. This is the third Financial Stability Board (FSB) Payments Summit, but the first to be held in person. As Chair of the FSB, can I thank you for joining...
The article presents a classic “reform fatigue” scenario within the international financial system – a process nominally driven by ambition, but demonstrably hampered by entrenched interests and regulatory complexity. The use of the Roadmap as a framing device immediately casts the endeavor as a top-down, G20-led initiative, subtly signaling a lack of genuine bottom-up innovation. The repeated emphasis on “regulatory friction” – a frequently deployed rhetorical tactic – points to a core assumpti...