Regulation, risk-taking and responsibility
Supervisors “need firms to be profitable”, writes BoE’s Fisher
Paul Fisher is an executive director with the Bank of England and former deputy head of the Prudential Regulation Authority
The mission of the Bank of England is to promote the good of the people of the UK, through maintaining monetary and financial stability.
Monetary and financial stability are desirable as a necessary foundation to sustainable growth in output and employment. The Bank does not want to take away all risk and end up with the stability of a graveyard. Economic growth is
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