Bank 'will prevent another crisis'

The Bank of England will prevent future financial crises by "taking away the punchbowl" from bankers, Sir Mervyn King has vowed.
The Bank is "up to the task" of resuming responsibility for regulating the City next year, its governor told the BBC Today Programme Lecture, and would step in to prevent lenders over-extending themselves again.
A new Financial Policy Committee (FPC) as part of the Bank will take control of regulating the City next year, but Sir Mervyn said further reform was "essential".
He urged the Government to bring in the Independent Commission... read more

 
2 May 2012 in Regional, Views: 3
Source: Daily Post
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