Tuesday 28 October 2008

UK: the Bank of England's Financial Stability Report

The Bank of England has today published its Financial Stability Report. The Report provides an overview of the events leading to the crisis in financial markets and the response of the UK authorities (including the Banking Bill, currently before Parliament). Section 6 of the report, titled "the medium term agenda", concludes:

the events of the past year or so clearly highlight the need for a fundamental overhaul of the regulatory safeguards used to mitigate systemic risk within the financial system".

1 comment:

stefan Bercik said...

I don't know why but it just seems to much what they say. I know the economy is not in the best shape but absolute recession??

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