BOE Won’t Shy Away From Conflict on New Bank Rules, Bailey Says

Bank of England Deputy Governor Andrew Bailey said regulators are prepared to clash with banks over any resistance to tougher capital rules.

“We don’t believe that putting more capital into the system is detrimental,” Bailey, chief executive officer of the Prudential Regulation Authority, told Bloomberg Television’s Guy Johnson in an interview broadcast today. “A better-capitalized system, a more stable system, is good for financial stability, will be good for the banking system and good for the economy.”