Bank of England Rejected the Idea to Create a Database of Bad BankersBy
BOE Deputy Governor Shafik says lawyers couldn’t agree on plan
Fed’s Dudley says in industry’s own self-interest to adopt
A plan advocated by Federal Reserve Bank of New York President William Dudley for a database of bankers who violate ethical codes of conduct has been studied by the Bank of England, but was deemed to face too many legal obstacles.
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