King names lessons learned from crisis

Mervyn King, the governor of the Bank of England, said on Tuesday he had identified three lessons, so far, from the banking crisis.

Speaking in Belfast on Tuesday, King said that rules should pay more attention to liquidity: "Regulation worldwide has paid insufficient attention to liquidity, focusing instead on capital. Banks need to face the right incentives to manage their funding positions."

King said that the absence of a mechanism for pre-emptive intervention was "the single largest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account