Bank’s King proposes radical regulatory measures

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Mervyn King, the governor of the Bank of England, on Monday put forth several proposals designed to solve the incentive problem faced by regulators, including some radical measures.

Speaking at an event in New York City, King said: "Public support incentivises banks to take on...more risk, knowing that, if things go well, they will reap the rewards while the public sector will foot the bill if things go wrong." He added: "Whatever solution is adopted, the aim must be to align private and social

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