BofE’s Haldane floats hard limits as agenda moves on from tinkering

31 Mar 2010

The Bank of England’s director for financial stability laid out a case for hard limits on the size financial institutions this week and suggested that the system might be better off with the biggest banks holding just double-digit billions of dollars of assets.

In a speech at the Institute of Regulation and Risk, North Asia in Hong Kong, Andrew Haldane argued that regulatory frameworks built around hard lines, such as the old Glass-Steagall framework in the US which divided commercial banking from securities dealing, were more "robust" to extreme tail risk ...

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