BoE’s Tucker says FCA may have to intervene to correct accounting failures

paul-tucker

The Financial Conduct Authority (FCA) may have to intervene to correct for discrepancies in accounting standards, according to Paul Tucker, a deputy governor of the Bank of England and leading candidate to be the next governor of the central bank.

Speaking at the British Bankers' Association annual meeting in London today (October 17), Tucker said discrepancies between banks' valuations of their own assets and the market value could force the FCA to intervene to correct valuations.

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