Bank of England Rejected the Idea to Create a Database of Bad Bankers

  • 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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