It’s been a while since a former British Lord Chancellor declared “I think the people of this country have had enough of experts”, striking a populist note in the lead up to the UK’s Brexit referendum. In Watching the English, an entertaining book recommended to me when I first immigrated to this country, anthropologist Kate Fox writes about the English having “vestigial traces of a ‘culture of amateurism’, involving an instinctive mistrust of professionalism”. Others have argued about the superiority of generalists in a highly specialised world.1
As part of our Fnality Global Payments Insights series, Fnality recently published a paper – Fnality Global Payments & Wholesale CBDC – that explores the proliferation and development of CBDC projects. It examines the pressing issues in wholesale financial markets that have prompted such innovation, and how, in the current absence of viable wholesale CBDC or DLT-based RTGS renewal programmes, Fnality Global Payments can offer novel solutions to the problems these arrangements seek to solve.