Showing posts with label BoE. Show all posts
Showing posts with label BoE. Show all posts
June 21, 2019

A real review of UK’s financial system requires breaching the etiquette rules of a mutual admiration club

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Sir, I refer to Huw van Steenis’ “ An opportunity for the Bank of England to rethink its priorities ” June 21. Is he really recommendin...
August 20, 2018

If output displacement hides productivity, so does input displacement.

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Sir, Dr Peter Johnson, responding to Diane Coyle’s “ Conventional measures pose the wrong productivity question ” August 16, argues that “ ...
July 28, 2018

Should central bankers answer my questions, or are they better off ignoring these?

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Gillian Tett writes: “A century ago…central bankers barely talked to the public. Montagu Norman, the Bank of England governor from 1920 to ...
July 23, 2018

What if there had been a plumber and a nurse in the Basel Committee for Banking Supervision? Would the 2007-08 crisis have happened?

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Sir, I refer to Andy Haldane’s “ Diversity versus merit is a false trade-off for recruiters ” July 23. After just a couple of months as...
July 13, 2018

The UK needs its banks to get rid of equity minimizing financial engineers and call back savvy loan officers (perhaps some like George Banks)

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Sir, Martin Wolf writes he now “rather suspect”, that “the BoE’s views on risk weights might be leading to an economically unproductive foc...
May 26, 2018

BoE’s FSB' Mark Carney should not be allowed to use Brexit cost estimates to distract us from the distortion of bank credit costs.

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Sir, you write: Bank of England’s Mark Carney has come out with a “suggestion that average household incomes are £900 lower than they were ...
December 26, 2017

The distraction factor forces us to redefine entirely our concepts of working hours and real salaries

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Sir, I refer to Sarah O’Connor discussion of “bureaucratic limits on working hours” “ Symbolic victories over Brussels will not help Britai...
August 14, 2017

Our dear George Banks, having anteceded the Basel Committee, would never have dreamt about current bank bonuses

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Sir, Jonathan Ford writes: “As Andy Haldane of the Bank of England points out, there are few ways for banks to bolster their returns to sha...
May 27, 2017

Why should technocrats seemingly be exempt from U-turn requirements, even in the face of horrendous mistakes?

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Sir, Tim Harford writes: “For many government policies, it’s important to have an emergency stop to prevent bad ideas getting worse”, “ In ...
March 28, 2017

BoE, the real economy also needs to be stress tested, for how efficiently banks are allocating credit to it.

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Sir, Emma Dunkley reporting on BoE’s stress testing of banks writes: “The new “exploratory” test, which will be carried out every other yea...
March 25, 2017

Would Britain want to settle to be a nation of marginal improvers, as BoE’s Andy Haldane seems to propose?

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Sir, Tim Harford quotes risk Andy Haldane with “As Olympic athletes have shown, marginal improvements accumulated over time can deliver wor...
February 27, 2017

BoE’ Sam Woods, like all current Basel Committee bank regulators, is in serious breach of the do-no-harm fiduciary rule.

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Sam Woods, deputy governor for prudential regulation at the Bank of England discusses the differences in calculating the capital requiremen...
December 15, 2016

FT establishment, accept that getting rid of a bank regulation that decrees inequality would also help the worst off

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Sir, Chris Giles argues that Mark Carney did not live up to his own admonition last week about that the time has come for frank talk about ...
December 14, 2016

Mark Carney, as bank regulator, has no right to talk about an “unprecedented desire for safety”

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Chris Giles writes: Mark Carney, governor of the Bank of England, talks about an “unprecedented desire for safety”. “ Fed faces dilemma ove...
December 01, 2016

Any regulator stress-testing banks that ignores what should be on the balance sheets and is not, should be fired!

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Sir, Emma Dunkley and Martin Arnold report on the recent stress testing of British banks performed by Bank of England, “ Stress test flop...
November 02, 2016

FT whoever replaces Mark Carney at BoE, pray he knows more about life on Main Street… and is a bit wiser.

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Sir, you write: “Central bankers should not be above criticism. But the idea that a central bank governor should be vilified for warning ab...
October 19, 2016

Mark Carney: Who should offset the credit distributional consequences of the risk/future adverse bank regulations?

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Sir, Martin Wolf mentions that BoE’s Mark Carney, noted monetary policy has distributional consequences but “it is for broader government t...
October 17, 2016

How do politicians stand such failed technocrats as those in the Basel Committee and Financial Stability Board?

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Sir, you quote BoE’s Mark Carney saying: “The objectives are what are set by the politicians. The policies are done by technocrats,” “ Carn...
October 14, 2016

The west did not lose the world; it unwittingly gave up the world, in a process that began in London, 2 September 1986

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Sir, Philip Stephens puts forward the argument that “The global financial crash of 2007-08 cruelly exposed the weaknesses of liberal capita...
October 12, 2016

Could BoE’s bank regulation risk weights for the infallible UK sovereign also have to go negative; from 0% to -20%?

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Sir, Martin Wolf writes that “The government will learn about the limits of sovereignty in an open economy” “T he markets teach May a harsh...