LONDON (Reuters) – The Financial Policy Committee, tasked with fighting off the next financial crisis, first faces a battle to convince Britain’s banks that its untested weapons will do more good than harm. The FPC, a division of the Bank of England, was created last year to plug a big gap in regulators’ ability to tackle risks such as the credit and housing bubble that, on bursting, torpedoed banks across the world in 2008 and threatened the entire financial system. …
Analysis – New BoE watchdog’s untested weapons face bank battle
by admin on Monday, April 9th, 2012 | Comments Off
