BoE’s Salmon urges regulators to resist watering down reforms

Chris Salmon at the Bank of England

Chris Salmon, the chief cashier and executive director of banking services at the Bank of England, on February 7 said it was better to manage the costs of regulatory change by having a longer transition period than to water down the reform so that change can be implemented more quickly.

Salmon, speaking at City Week 2012: The International Financial Services Forum, said well-thought through and effectively implemented reforms could help to rebuild the trust in the financial system.

"Scaling-back

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