Carney: BoE preparing for ‘fourth industrial revolution’

Bank of England governor Mark Carney

Mark Carney has pledged to create a “new” Bank of England (BoE) in preparation for a wave of technological change.

In a speech today (April 29), the governor stressed the need to adapt both the hard infrastructure and soft infrastructure of the bank – for instance, through overhauling the real-time gross settlement (RTGS) system, as well as numerous regulations and standards.

The speech came two months before Huw van Steenis, an adviser to Carney, is due to publish a review of the future of

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