BOE’s Bailey Says Capital Rules Not to Blame for Low Bank Values
- More liquidity reforms needed to reduce risk of deposit flight
- Governor also says any UK recession last year was shallow
Andrew Bailey
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Regulatory reforms since the 2008 financial crisis cannot be blamed for the sharp discount in UK commercial bank valuations, Bank of England Governor Andrew Bailey said.
In a speech on a visit to the East Midlands, Bailey argued that more reforms are needed to protect banks from runs like the one that broke Silicon Valley Bank UK last year.