Comment: Central banks "shouldn't supervise"

- Central Banking staff
- 25 Nov 2005

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In a speech on Thursday, Howard Davies, who served for two years as deputy governor of the Bank of England and as special adviser to the chancellor of the exchequer, and who is currently director of the London School of Economics, argued that a separation of powers and responsibilities between central banks and independent supervisory authorities were needed to avoid costly conflicts of interest.

COMMENT BY CENTRALBANKNET

"Central banks who wish to maintain their monetary policy independence

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