Paul Tucker: BoE’s supervision powers may go too far

Paul Tucker
Paul Tucker

Former Bank of England deputy Paul Tucker has said he believes parliament was too quick to pass banking supervision powers to the BoE after the 2008 crisis.

While stopping short of arguing that the BoE should be stripped of the new powers, Tucker said he believed the powers were handed over without due consideration of whether the move was necessary, or how to hold prudential supervisors to account.

In remarks delivered today (June 12) at the Houses of Parliament, Tucker noted the BoE’s role a

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