Wire · regulatory
Bank of England to receive new secondary objective to support payments innovation
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Fusion42 · 27 August 2026 · Fusion42 review
The UK government plans to grant the Bank of England a new secondary objective to actively support payments innovation, especially for systemic payment systems including those using digital settlement assets like stablecoins, while maintaining financial stability. This aims to modernise the UK payments landscape and foster technology and business model advancements under an updated regulatory framework.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.
◆ ◆ The Wire takeaway
You face a clearer path to bring payment innovations to the UK market as the Bank of England’s new role lowers regulatory friction for emerging digital money systems. Act now to engage with the Bank’s regulatory process and position your technology ahead of evolving standards.
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3 sources · 27 Aug 2026
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