Q&A: Alastair Clark on the challenges facing the Bank of England's FPC

Power politics

Alastair Clark

It is the kind of decision that would give a supervisor sleepless nights: faced with a boom in mortgage lending to lower-income borrowers, should the market be shut down? On the one hand, products with a high loan-to-value (LTV) ratio are risky, giving a bank little security. On the other, home ownership can be a way for poorer families to climb the wealth ladder – introducing a political and social angle to what might otherwise be a prudential debate.

The UK’s embryonic macro-prudential

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: