Bank of England to get new payments innovation objective from UK govt
( August 27, 2026, 15:43 GMT | Official Statement) -- MLex Summary: The UK government on Thursday announced plans to give the Bank of England a new responsibility to support innovation in payment systems and emerging forms of digital money. This secondary objective will be subordinate to the bank’s primary financial stability objective, the UK Treasury said. The change will be introduced through amendments to the Financial Services and Markets Bill, which will next be debated in the House of Lords on Sept. 7 and 9.See statement below....
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