View from City Road: Top supervision not tougher standards
Tuesday 12 April 1994
The real need is not for detailed regulations but tough supervision, on the ground, by people who know the business and can keep up with the baffling speed of technical change.
They should not be central bank bureaucrats but poachers turned gamekeepers, recruited from senior levels and at market rates. That could mean the governor of the Bank of England will not be the highest paid official.
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