BoE's Clark on models of financial stability

In the speech 'Analytical models of financial stability' given on 28 March Alastair Clark of the Bank of England said further ahead, a framework does now seem to be emerging within which a more systematic discussion of financial risks can take place.

"In time - as we saw with macro-economic models - better quantification should be possible. But don't hold your breath. Alongside all of the hurdles I have mentioned there is one further difficulty - namely that the structure of the financial sector

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