FPC better equipped for crisis than FSOC – BoE paper

Bank of England

The UK’s Financial Policy Committee “stands a better chance” of preventing a re-run of the 2008 financial crisis than the US Financial Stability Oversight Council, according to research published by the Bank of England.

In the staff working paper, David Aikman, Jonathan Bridges, Anil Kashyap and Caspar Siegert design a thought experiment in which post-crisis reforms such as Basel III are not in place, but macro-prudential regulators such as the FPC and FSOC are able to wield the tools currently

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: