Jon Cunliffe: Looking after our money

Speech by Sir Jon Cunliffe, Deputy Governor for Financial Stability of the Bank of England, at the University of Warwick, Warwick, 26 February 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

I want to talk tonight about money.

It is not something we talk about very much. We spend a lot of time talking about what we could, or should, do with money - who has it, who hasn't, how it is distributed and so on. But money, the thing itself, rather than what it buys or does, is not really something we think about much.

That is not surprising. Like other basic things we depend on in society - electricity, water supply, nowadays the internet - it only has to be reliable and safe. You don't have to understand how it works.