BoE paper emphasises uncertainty over risk to argue for simpler regulation

Bank of England

The crucial distinction between risk and uncertainty has received far too little attention from practitioners and could turn conventional wisdom about financial decision-making "upside down", with big implications for bank regulation, according to a financial stability paper released today by the Bank of England.

The paper, Taking uncertainty seriously: simplicity versus complexity in financial regulation, looks set to be the last one published under Andrew Haldane as head of the financial stabi

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