Bank of England official Andrew Haldane told the Occupy group that the Libor scandal has prompted real change by stoking an impetus for banking reform.
Andrew Haldane, Bank of England executive director for financial stability, said the structure of bank pay still needs to change to include credit instruments and minimize risks associated with some equity packages.
Andrew Haldane, the Bank of England’s executive director for financial stability, said banks should shore up their capital as market conditions improve.
Bank of England official Andrew Haldane said the tools regulators use to assess banks’ capital needs may contain flaws that cause them to underestimate the level of buffers required.
Andrew Haldane , the Bank of England’s executive director for financial stability, said “colossal” global imbalances may grow further and increase pressure on the world’s financial system.
"The rules of the road for this system have failed to keep pace with the growing scale and complexity of global financial flows."
- Andrew Haldane on Oct 29, 2014