Regulators should look to reshape financial institutions and market structures, not just write tougher rules for existing ones, said Andrew Haldane, the executive director for financial stability at the Bank of England, in an interview in Central Banking journal, published Tuesday.
"After each crisis the lament has been the same: ‘more of the same, but better'. To date, the same path of reform has been followed: more capital and liquidity - only this time it will be better quality; more regulato
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