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.
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- Dudley backs floor-based system for setting monetary policy
- Asian Infrastructure Investment Bank – Raising expectations