22 And just as finance is global, and tech is global – so is regulation global. The UK public sector is closely joined up with its peers in other jurisdictions, both bilaterally and through organizations such as the Bank of International Settlements, the Financial Stability Board, G7 and G20. This is why we are very excited that the Bank will start hosting a new BIS Innovation Hub later this year. The BIS Innovation Hub, with locations around the world, is an innovative way for central banks to collaborate on technological developments. I look forward to it adding a new way for us to provide global infrastructure, both hard and soft, to support safe innovation across the world. We are already collaborating with the BIS-IH in Singapore looking at digital regulatory reporting and standards for mortgage data. Conclusion  As I hope these remarks have illustrated, fintech is a broad and dynamic sector that requires a wide-ranging and dynamic response from the authorities. The Bank of England recognises the benefits that fintech and technological innovation can bring, and that it may come in many forms and from many sectors. The infrastructure we provide, whether hard or soft, takes just as many forms and, as the examples I have discussed have shown, ranges across a very wide area of the fintech landscape. It touches on the work not just of our Fintech Hub but of many other areas of the wider Bank.
The Bank of England and Fintech: Public Support for Private Innovation Speech given by Dave Ramsden, Deputy Governor for Markets and Banking  UK Fintech Week 2021 21st April 2021  With thanks to Andrew Whitworth and Tom Smith for their assistance in preparing these remarks, and to Bank colleagues including Shiv Chowla, Victoria Cleland, Louise Eggett, Angus Moir, Helen Packard, Varun Paul, Andrei Pustelnikov, Will Saunt and Oliver Thew for their many helpful contributions and suggestions. 1  All speeches are available online at www.bankofengland.co.uk/news/speeches and @BoE_PressOffice  Introduction  Thank you for this invitation to speak at UK Fintech Week. Every year this event performs an important role in highlighting the strength and potential of the fintech sector in the UK. After a year like the last one, we need to be more certain than ever about the resilience of the sector. Today, I will discuss how the Bank of England delivers its role to support the safe development of UK fintech in line with our mission: to promote the good of the people of the UK through monetary and financial stability. Engaging with fintech is an important part of achieving that mission, as I emphasised when I spoke here last two years ago in 2019.1 In the three years since the Bank set up its ‘Fintech Hub’, and the two years since Huw van Steenis’ 2019 ‘Future of Finance’ report for the Bank, the UK fintech sector has grown significantly.