Former BoE economist proposes new regulatory approach
Panellists discuss whether post-crisis regulation has gone too far
An “enhanced” role for the lender-of-last-resort function would help with the “effective” regulation of banks, a former economist from the Bank of England has said.
Appearing at a conference run by the Institute of Economic Affairs and the Institute of International Monetary Research (IIMR), Geoffrey Wood suggested post-crisis regulation has increased instability in the banking system rather than reducing it.
“If we look at history, decreasing regulation has made banks increasingly stable
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