Robert Pringle's Viewpoint: Time for central banks to play politics
International focus and deep reform needed to reboot financial system
Central bankers and other regulators are using the breathing space afforded by the improvement in the economic outlook to try to bolster the resilience of the financial system further. This is evident in US moves to impose a 5% leverage ratio on eight large banks – setting a benchmark for other jurisdictions to match – and the drive led by Bank of England governor Mark Carney to complete the ambitious agenda of the Financial Stability Board.
Here the focus is on ending too-big-to-fail
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