Carney says regulations may have gone too far
It is time to ‘take stock’ of financial regulations, BoE governor says
Central banks and financial regulators must "take stock" of regulation to date, which may in some cases have gone too far and produced unintended consequences, Bank of England (BoE) governor Mark Carney said today (June 26).
Some areas such as the liquidity coverage ratio and leverage ratio have already seen adjustments, Carney said during remarks at the Inclusive Capitalism Conference in London. He pointed to rules for central counterparties as a further area that could need reassessing. "There
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