LONDON, Nov 16 (Reuters) – Contingent capital could provide a useful form of “catastrophe insurance” for the banking sector if adopted widely, Bank of England Deputy Governor Paul Tucker said on Monday.
Financial Regulatory Forum
LONDON, Oct 21 (Reuters) – Bank of England Governor Mervyn King said a fundamental rethink of banking sector regulation was needed to prevent a recurrence of the financial crisis and floated the idea of splitting core aspects of banking from riskier speculative activities. (more…)
LONDON, Sept 24 (Reuters) – Britain’s economy is showing signs of recovery, but any improvement is likely to be small compared to the sharp drop in output caused by the global financial crisis, Bank of England Governor Mervyn King said in an interview published on Thursday. (more…)
By John O’Donnell
BRUSSELS, Sept 22 (Reuters) – Bank of England Governor Mervyn King could be given a prominent role in European Union super-watchdogs being set up to monitor banks and market risks to win British backing for the plan, diplomatic sources said. (more…)