Tucker: Regulators can't "protect themselves from the rest of the world"

Paul Tucker

Paul Tucker, the deputy governor of the Bank of England, has warned against a drift towards a Balkanised system of bank resolution, in which host-country authorities wind up the local arms of foreign banks. In the event of a large, cross-border bank failing, any value held in the solvent offshoots of the institution could be lost during what would be a fragmented, messy affair, he argues.

"Independent, host-country resolutions executed in an unco-ordinated way around the world would not only

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