BoE’s Salmon urges regulators to resist watering down reforms
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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