BoE’s Bailey dismisses ideas for radical banking overhaul

Andrew Bailey. Photo: Bank of England

The Bank of England's (BoE) Andrew Bailey stood by the current banking regulation framework today (March 9), rejecting more radical options as impractical.

Bailey, deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority (PRA), examined a few proposals for a dramatic overhaul of the current regulations during remarks at a conference in London.

One option, which he dubbed "big equity", rests on the idea that large banks are so complex that supervisors

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