Future Forum | Bank of England

Bank to the future

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This topic will discuss climate change, the future of savings and refer to the technological advancements in this field.

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  1. Sabrina Rochemont
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  2. Ramblingsofabard
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  3. Believing CBDC
    72 pts
  4. Bekah Griffiths
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  5. Malavika Jissi
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As the forum is about to close, we also need to conclude on the topic of a Cashless Society in 2018. The 2018 copy of the “Cashless World in Motion” is now released.   The paper first identifies the driving trends for the year, pointing to structural disruption of the payments ecosystem from conflicting forces. It then reports on regional developments for the topic, with emphasis on India, Kenya, the UK and Australia. The technology landscape was conducive to adoption of mobile...

Sabrina Rochemont
by Sabrina Rochemont
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Sabrina Rochemont

Will there ever be a cashless society and if so, how far off are we? There have already been discussions on potential benefits, such as stopping illegal immigration, but what are some pit falls that will delay or stop the progress towards a completely cash free society.

test account
by test account
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test account

I just read that part of the reason for the decline in the Chinese car market is the collapse of some peer to peer lending platforms. I wonder to what extent these (all not just the ones in China) can replicate the efficiency of banks in terms of financial intermediation i.e. allocation the right funds to the right people, maturity transformation etc. They seem to be quite vulnerable to adverse selection i.e. unaware of the true risk that borrowers pose. The article on the Chinese P2P...

Bekah Griffiths
by Bekah Griffiths
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See Details on Amazon's "Pill Pack" Simplified Pharmacy Delivery Service: https://www.pillpack.com/ I believe that Financial Banking Firms could offer a similar "Money Packaging"  Service for Banking Firm Clients for a  "Controlled Spending Plan-of-Action" which will results in more Money Saved! Step 1: Financial Banking Firm Client Meets with Banking Firm Representative to Discuss Savings/Payment/Etc Financial Plannning. Step 2: Client Agrees to have Money "Pre-Sorted" &...

Jaswinder Brar
by Jaswinder Brar
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Jaswinder Brar
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Climate change means we may face more frequent or severe weather events like flooding, droughts and storms. Examples of recent weather events that have been linked to human-driven climate change include the heatwave and droughts in China in the summer of 2013 and, the following winter, extreme rainfall and flooding here in the UK. These events bring ‘physical risks’ that impact our society directly and have the potential to affect the economy. If these events happen more...

Future Forum
by Future Forum (Admin)
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Future Forum (Admin)
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Central banks and financial regulators have a core responsibility to understand risks to financial stability and the financial institutions which they supervise. There is growing recognition and evidence of the financial risks from climate change and their relevance to central bank mandates. Forming a strategic response to the financial risks from climate change helps ensure the Bank can fulfil its mission to maintain monetary and financial stability, both now and for the long term....

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It seems a bit ironic that we now have plastic notes, just as plastic is being seen as a great threat to the environment. Do you know if these notes are environmentally friendly?

Bekah Griffiths
by Bekah Griffiths
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Bekah Griffiths
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The Forum is a noble liberalizing effort on the part of the Bank of England. It’s start of opening its ears to the public, it’s opening of a channel for wider opinions, and most of all: it’s a search of better ideas. The public may not be necessarily wiser or smarter than the Bank or the wider banking industry (or at least on the average), but the fact that the Governors are willing to devote so much of the quality time to hear from more people had been very noble and very respectable...

Believing CBDC
by Believing CBDC
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Believing CBDC

Today shows us that the 2-party political system that ties the BoE and Treasury funding of investments too narrrowly to suit the governing partys agenda is inefficient and fails to ensure expenditure supports those projects, initiatives and investments that will give the country the biggest and most even economic and social return. I suggest a new configuration and carve-up of responsibilities that will deliver a broader impact across the whole country but keeping overall strategic oversight...

Ian Thomson
by Ian Thomson
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Ian Thomson

Please explain why the Bank of England does not take control of the money supply by digitising money, so that all new money is created by the Bank?   This should ensure the UK economy could avoid the dire post Brexit consequences forecast by the Bank. The August 2012 working paper on the Chicago Plan published through the IMF suggests very positive results on all fronts. (https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Chicago-Plan-Revisited-26178) The political...

Jon Smalley
by Jon Smalley
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