BoE to defend post-crisis regime through ‘running repairs’

Bank of England
Daniel Hinge

The Bank of England is shifting its emphasis from building post-crisis regulations to defending them, a process that will require “running repairs”, Victoria Saporta said today (July 4).

The BoE’s executive director for prudential policy said the regulator had put out the final element of its ring-fencing plans on July 3, marking the end to a major part of the policy development cycle.

Elsewhere, the final agreement on Basel III was reached late in 2017 and the UK has put in place resolution

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