Bloomberg Bank of England Governor Mark Carney said that it plans to launch a financial technology accelerator programme to tap the expertise of startups as a flurry of innovations reshapes finance. This may be the first time a central bank has employed this approach to research and development, a practice long used in Silicon Valley as a way to ...

  Bloomberg Bank of Canada Senior Deputy Governor Carolyn Wilkins wants to help companies develop new technologies such as digital currencies and ensure they meet tough standards to protect consumers and avoid market crashes. “Authorities should support innovation, but the bar will be high, especially for core financial services,” Wilkins said in Calgary. “I worry that players not covered currently ...

  Bloomberg Atop a hill in southern Spain sit a cluster of cement apartment blocks surrounded by scruffy gardens. Built during the go-go years of the country’s property bubble, the development was eerily still on a recent June morning. Banco Popular Espanol SA, which took ownership in a foreclosure, is offering flats for as much as 147,000 euros (US$165,100). Fatima ...