Structural reform needed, says Bank

first_img TOO big to fail banking institutions are “a paradox that must be tackled,” the Bank of England said today in its final quarterly report of the year.The “social costs” of failure amid large global banks have led to considerations of structural reform, the Bank said. The Independent Commission on Banking and Financial Stability Board has been tasked with looking into possible reforms.Three of UK’s largest banks have assets in excess of annual GDP, the report says. “Too important to fail banks may be subject to less market discipline, and are likely to grow more rapidly and become more dependent on debt funding – and more highly interconnected and leveraged,” they said. KCS-content whatsapp Structural reform needed, says Bank Show Comments ▼ More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share whatsapp Sunday 12 December 2010 10:49 pm Tags: NULLlast_img read more