Bank of England deputy governor Paul Tucker raises concerns over the size and for-profit nature of CCPs
Deputy governor is bound for academia in the US after helping with transition to new Carney regime
Paul Tucker examines the many issues facing authorities seeking to wind down failed banks without taxpayer support, including cross-border co-operation and choice of single or multiple entry points
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More Paul tucker articles
Bank of England deputy governor says cross-border agreements can overcome national barriers to resolution
International regulators and central banks trying to avoid "nightmare" of fragmented clearing system
Regulators and policy-makers are determined to solve the problem of banks that are too big to fail, says Paul Tucker, deputy governor of the Bank of England (BoE). And, in doing so, they will not allow “the tragedy” of central counterparties (CCPs)...
Some clearing houses are adopting loss allocation mechanisms as a last line of defence if one or more clearing members default. That might help a central counterparty get back on an even keel, but what happens afterwards is unknown. Matt Cameron reports...
BoE deputy governor asks to appear “as soon as possible” following calls for the Bank to explain Diamond conversation
Attendees at ACT conference raise concerns about increased lending costs after Bank of England’s Tucker argues for powers to raise sectoral capital levels
Deutsche's Bänziger to go, while Fan becomes securities co-head; BoE's Tucker gets CPSS role; Ashley shakes things up at Nomura; unhappy Goldman trader adopts scorched earth policy
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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