BoE’s Taylor pushes back against complaints of over-regulation
Capital requirements could have been made much tougher, Martin Taylor says
The Bank of England’s Martin Taylor sought to dispel criticism of the UK’s post-2008 financial reforms in a speech on November 7.
The financial policy committee member said it was important to consider regulations as whole, in remarks at the start of a conference entitled ‘Has financial regulation gone too far?’. For example, he said, capital as a share of risk-weighted assets would need to be around five percentage points higher if banks did not have credible resolution plans.
Taylor
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