BoE's Haldane says UK could help redefine global banking rules
Andrew Haldane says UK is in a position to lead with fixes to Basel III, tightening remuneration policies and removing barriers to bank account switching
The UK could lead the way with efforts to improve banking regulations, such as addressing an over-emphasis on risk-weighted capital requirements by the Basel capital framework, according to Andrew Haldane, executive director for financial stability at the Bank of England (BoE).
Speaking at a session of the UK's Parliamentary Commission on Banking Standards on January 21, Haldane suggested regulators may have placed too much faith in the Basel III framework. "One thing we could do is try to
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