Andrew Bailey: How to govern the Bank of England and the future of cryptocurrency

Jimmy's Jobs of the Future

Boxlight Creative Studio

Technology, Careers, Business

5.0 • 1K Ratings

🗓️ 23 May 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

For our third series, we launched with Ben Francis of Gymshark. For our 4th series, we launched with Rishi Sunak. In this special launch episode of our 5th series, we are speaking to none other than Andrew Bailey, Governor of the Bank of England. But what does the Bank actually do? How do the 4,500 people employed there combine to control an entire economy? And how does a 340-year-old institution adapt to new technologies like cryptocurrency? This is the first episode in our 5th series and we couldn’t be starting it off with a bigger guest. In his first podcast since 2020, this episode touches on everything from Russian sanctions to cryptocurrency and where the economy is growing fastest. In this episode we discuss: What is the Bank of England actually in charge of? What roles is the Bank recruiting for and how has that changed over the years? How to make the Bank appeal to a new generation. The work on diversity and inclusion by the bank- and why they are working to establish a larger presence outside of London to achieve this. What does levelling up mean for the Bank of England? Has COVID really accelerated the decline in use of cash? How to create a culture in an organisation that has existed for 300 years Will there be a female governor soon? Jobs of the future- which jobs are going to be most in demand? The future of work and the 4-day week- how the Bank is moving to flexible working itself. The economic impact of flexible working. Cryptocurrency and its impact on the UK economy. What innovations excite him most? Will we ever see a cashless society? This episode is made possible by the support of our partners, The Octopus Group and FinTech Alliance.The Octopus Group is a collection of 8 entrepreneurially minded businesses that look to back the people, ideas and industries that will change the world.FinTech Alliance is the complete FinTech community. Where ambitious people, disruptive start-ups, investors and industry leaders learn, share, and work together to succeed in the world’s fastest emerging global ecosystem.Get in touch with us at hello@jobsofthefuture.co Subscribe so you don't miss any new episodes, releasing every Wednesday.You can sign up to Jimmy's Substack here for weekly content on the future of work, technology, and politicsFor more information on partnering with us please visit our partnerships page here.Also make sure you subscribe to The Shift, you can find it here on Spotify or on Apple Podcasts. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	When you can't quite get the angle, take hands-free selfies with the Samsung Galaxy Z Flip 5.
0:05.2	Stand it up, step back, and your photos are also synced to your Chromebook, ready to edit.
0:10.9	The new Samsung Galaxy Z Flip 5 and Chromebook, available on Vodafone.
0:21.7	Welcome to Jimmy's Jobs of the Future.
0:24.3	We're back for our fifth series and it's going to be better than ever.
0:28.1	We sat down with Andrew Bailey, the Governor of the Bank of England, to ask him about his job.
0:34.5	He's been in the news lots lately, talking about the war in Ukraine and the impact that that is having on the cost of living crisis along with energy surging prices too.
0:46.6	It's rare to be able to get so long with the Governor and ask all the questions that you want to be able to about cryptocurrency, the ability of working from home,
0:55.8	and how that perhaps impacted our economy less than we thought.
0:59.3	We even talked about when we might get a female Governor.
1:02.4	And perhaps most interestingly of all, is normally we have entrepreneurs on this show who talk about building a culture and building a business from zero.
1:12.3	Whereas of course, the Bank of England is one of the oldest institutions in the world.
1:18.2	And talking about how the Governor is trying to bring his personality to an institution that has been around so long.
1:25.2	It's a fascinating lesson and as always, thank you for your support listening.
1:30.5	This is our launch week and so if you could rate the podcast this week, that makes an enormous difference.
1:38.6	You can do so on iTunes or Spotify.
1:41.9	This show is made possible by the fantastic support of our various partners and I wanted to thank the octopus group.
1:49.0	The octopus group is a collection of eight entrepreneurial minded businesses across financial services and energy.
1:56.0	All founded on the one simple belief that people and the planet deserve better.
2:01.3	They are intent on building a better tomorrow for future generations and are a certified beaker.
2:07.4	Demonstrating their care as much about the impact of their investments as the returns they generate.
2:12.6	I'm proud that octopus have back this show since the second series and they are the reason why we are now able to put such a professional show together.
	...

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