Financial Regulatory Forum

Bank of England’s King says UK, US closer than EU on regulation

February 12, 2010
It's closer across the Atlantic

It's closer across the Atlantic

 (Updates with more quotes, details from report)

LONDON, Feb 12 (Reuters) – Britain and the United States are more convinced of the need to force banks to hold more capital than some big European nations, Bank of England Governor Mervyn King told the Council for Financial Stability last month.

BoE’s King says far too soon to say easing program is finished

February 10, 2010
Options open

Options open

By Sumeet Desai and Matt Falloon

LONDON, Feb 10 (Reuters) – The Bank of England may have to pump more money into Britain’s fragile economy, Governor Mervyn King said on Wednesday after the central bank forecast inflation would stand well below target in two years.

BoE’s King calls for radical reform of banks

January 26, 2010

By Tim Castle

LONDON, Jan 26 (Reuters) – Radical reform is needed to make the banking system safer, Britain’s top central banker said on Tuesday, adding U.S. President Barack Obama’s plan to curb some activities would not fully solve the “too big to fail” problem.

BREAKINGVIEWS – Crisis hasn’t made the world more balanced

January 20, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

Reaction to BoE Governor King’s speech on banks

October 21, 2009

BRITAIN-BANK/    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…)

BoE’s King sees signs growth starting to return

September 24, 2009

A video grab image shows Bank of England governor Mervyn King speaking to parliament's Treasury committee in London March 24, 2009. The euro hit a session low against a buoyant pound on Tuesday after King said he saw no reason why the pound should go any lower. The euro fell to a session low of 91.72 pence, 1.9 percent lower on the day. It was last at 91.83 pence. The pound was also 1.2 percent higher at $1.4743.  REUTERS/ Parbul TV via Reuters TV (BRITAIN BUSINESS POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS    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…)

BoE mulls rate cut on bank reserves to stimulate lending

September 15, 2009

BRITAIN-BANK/   By Sumeet Desai and David Milliken
   LONDON, Sept 15 (Reuters) –  The Bank of England could cut the interest rate it pays on the reserves it holds for commercial banks to help stimulate lending and nurture what it says will be a gradual economic recovery, Governor Mervyn King said on Tuesday. (more…)

TEXT-BoE Governor Mervyn King opening statement to House of Commons Committee

September 15, 2009

BRITAIN/    LONDON, Sept 15 (Reuters) – Below is a full text of Bank of England Governor Mervyn King’s opening statement to parliament’s Treasury Committee. (more…)