Bank’s Tucker details root-and-branch reform proposals
Officials must avoid incentivising risky behaviour from firms at all cost and clearly specify the mandates of central banks in reform and regulation, said Paul Tucker, a deputy governor of the Bank of England.
Speaking at a crisis management conference in Brussels, Tucker fleshed out the concept of root-and-branch financial sector reforms, introduced by Mervyn King, the Bank's governor, in a speech in Edinburgh last month.
Forcing banks to hold a minimum agreed amount of "truly high-quality
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