BoE’s Bailey sets sights on balance sheet clarity
Clear disclosure of creditor hierarchies will be ‘critical’ moving forward, Bailey says
Clarity is a "good thing" with regard to bank balance sheets, the deputy governor for prudential regulation at the Bank of England (BoE) said today (January 27).
Speaking in Dublin, Andrew Bailey emphasised the objective of the financial reform programme was not to return to the "unstable pre-crisis years" but to "enable greater clarity" between the different forms of bank liabilities.
"The lack of clarity about the instruments on the liabilities side of bank balance sheets and the order and
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