Central Banking

Ex-BIS GM on limitations of narrow banking

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Sir Andrew Crockett, the former general manager of the Bank for International Settlements (BIS), on Sunday said narrow banking alone would not address disruptions in the real economy.

At a Per Jacobsson memorial lecture at the BIS Annual General Meeting in Basel, Sir Andrew said while some advocates of the narrow banking school believed a payments mechanism that is fully protected insulates payments from other developments in the financial system, it does not by itself guarantee either the

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