Financial Services Financial Services

Banks face more runs in high-speed world regardless of potential digital sterling, BOE’s Cunliffe says

Fears that bank runs will be more likely if a central bank digital currency is introduced are misplaced as consumers will try to withdraw their deposits from a failing lender in any case, Jon Cunliffe said today.

The Bank of England deputy governor told a committee of UK lawmakers that

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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