Risk 25 firms of the future: Bank of England

Paul Tucker
Paul Tucker, Bank of England

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) becoming a taxpayer liability.

Those are both bold statements. Fixing the too-big-to-fail problem as it relates to banks means finding ways to make institutions stronger – through new capital and liquidity requirements, for example – while also

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