bank of england

UK: shadow banking and financial stability - speech by Lord Turner

Robert Goddard
March 15, 2012 10:17

Lord Turner, the chairman of the Financial Services Authority, delivered a speech yesterday titled Shadow Banking and Financial Instability: see here (text, pdf) and here (slides, pdf). Lord Turner provided a review of what amounts to shadow banking and possible policy responses. He stated...

UK: insurance regulation and Solvency II concerns

Robert Goddard
March 14, 2012 07:13

In a speech delivered earlier this week, Paul Tucker, an executive director of the Bank of England, spoke about the regulation of the insurance industry and noted concerns with Solvency II (the new European capital adequacy regime for insurers): see here (pdf). In particular, he...

UK: the new financial regulatory framework - the role of the Financial Policy Committee

Robert Goddard
March 14, 2012 06:47

Paul Fisher, an executive director of the Bank of England, delivered a speech earlier this week in which he reflected on the role and responsibilities of the Financial Policy Committee (FPC) under the Government's new financial regulatory framework: see here (pdf). Amongst other things, Mr Fisher...

Zombie Companies - Has the Chancellor missed a trick?

Chris Laughton
December 03, 2011 10:21

In his quest for economic stimulus in the Autumn Statement, George Osborne failed to drive banks and borrowers to put the assets and resources of moribund businesses to good use. For many months now observers have commented on the zombie companies that clog up our economy. Adam Posen of the...

UK: Lord Turner's Mansion House speech and the role and powers of the FPC

Robert Goddard
October 21, 2011 15:14

Lord Turner, the chairman of the Financial Services Authority, delivered a speech yesterday in which he commented on the proposed new financial regulatory structure - the legislation for which is currently subject to pre-legislative scrutiny - and highlighted some of the issues which he...