Paul Fisher,deputy head of the Banks regulatory arm, says new rules need to be tested in a crisis before being scaled backA senior official at the Bank of England has warned of the risk of bowing to pressure from lobbyists in the banking industry who want to see a relaxation of rules introduced since the banking crisis.
Paul Fisher, or one of the most senior regulators at the Bank,said the new regime – which will force banks to ringfence their tall street operations from any investment banking operations – needed be tested during another crisis before any watering down took situation.
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Source: theguardian.com