BoE’s Hauser says markets review will avoid heavy-handed regulation
Director says solution must lie in cooperation between regulators and regulated
The UK's Fair and Effective Markets Review will seek to deliver strong market discipline rather than a heavy burden of regulation, according to Andrew Hauser, the Bank of England's (BoE) director of markets strategy.
Speaking at the Wholesale Banking Conduct Conference in London today, Hauser said market discipline is a "potent force". The review, which is being conducted jointly by the BoE, Financial Conduct Authority and Treasury, will retain the option for "targeted, regulatory interventions"
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