Regulation will not stave off future crises: Bank’s Tucker


Paul Tucker, a deputy governor of the Bank of England, said on Thursday that regardless of what emerges from the debate surrounding regulation and banking structure, it would be insufficient to ward off possible future crises.

In a guarded set of remarks, he also briefly described some macroprudential tools that are likely to come into use. "I am doubtful that the tendency to excess can be curbed solely by addressing the circumstances of individual firms. Booms are spurred by plausible illusions

To continue reading...

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 indvidual account here: