Increasing banks’ capital could enable looser regulations, says Greenspan
Former Fed chief discusses new book, ‘Capitalism in America, a history’, with journalist and co-author Adrian Wooldridge
Increasing the levels of capital and equity held by banks could enable the relaxation of certain financial regulations, former Federal Reserve chair Alan Greenspan and management editor of The Economist Adrian Wooldridge said on November 27.
The Dodd-Frank Act is the “wrong approach” and a “substantial increase in bank capital” is necessary to help restore a productive distribution of finance, they said.
Greenspan and Wooldridge both appeared alongside Bank of England governor Mark Carney in
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