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BoE head of markets calls for fresh regulatory stance

Paul Tucker, head of markets at the Bank of England, says the banking system is in need of a fresh regulatory approach to adapt to the new risk environment.

In addition to suggesting that interest rates are dropped gradually Tucker suggests the new system would have to reflect the global nature of economic markets.

He says: “We need calmly to explore whether there are also other possibilities. But let me make this absolutely clear: there are formidable obstacles to finding a solution.

“In the monetary sphere, a regime of floating exchange rates allows individual countries to pursue their own domestic monetary objectives.

“But in a world in which capital flows freely, local attempts to control the pace of credit creation, particularly within the financial system, may not work. All of that will need to be thought through.”


A government spin on HIPs trials

The National Association of Estate Agents is concerned that the Department for Communities and Local Government is trying to cover up much of the MORI research into the home information pack area trials.

60 jobs at risk at Swift

Swift says it’s in consultation with 60 staff regarding possible job losses. The specialist lender says it hopes the final number of potential staff redundancies will be far fewer than this, and that it is working to restrict the final number to just 25.But staff affected by the consultation will come from the sales, marketing […]

Financial Dance-Off

As the financial industry lurches upon the rough seas of the liquidity crisis some interesting theories have begun to emerge with regards to the circumstances we all find ourselves in.A couple of days ago we had the extraordinary experience of all lenders, or so it seemed, withdrawing their rates at the same time, and re-pricing […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


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