BoE’s Haldane wants to see common financial language

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Andrew Haldane, executive director for financial stability at the Bank of England, today called for consistent language to be used in the financial industry.

In a speech drawn from a paper presented at the Securities Industry and Financial Markets Association's Legal Entity Identifier Symposium in New York, Haldane considered the benefits of finance adopting a common language that he believes "...could transform both itself and its contribution to wider society". The paper was written jointly

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