Structure of banks must change as they grow, says BoE’s Haldane


Andrew Haldane, executive director for financial stability at the Bank of England, on October 25 said the physiology of banks needs to adapt to the rapid financial 'deepening' that has occurred since 1970.

Speaking at Institute of Economic Affairs, Haldane said it is the structure of banks that causes the ‘too-big-to-fail' problem, and as banks continue to grow and the finanical system becomes more concentrated, the problem becomes harder to solve.

Haldane praised existing reforms, but said more

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: