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Is the world financial system safer now? - Jon Cunliffe
Speaking at a Chatham House conference on Monday, Jon Cunliffe, Deputy Governor, Financial Stability, surveys the progress that has been made by international standard setters since 2008 in making the financial system safer, sets out the further steps that still need to be taken and underlines the importance of the reform programme being implemented consistently across jurisdictions. Jon Cunliffe notes that progress on the ambitious regulatory reform programme launched by the G20 at the 2008 and 2009 summits has been impressive, particularly on international capital and liquidity standards for banks. However, ... (full story)