Basel alone will not protect us: UK Treasury Committee’s Tyrie
UK Treasury Select Committee chair Andrew Tyrie says fundamental changes to the way banks are supervised a must; tripartite system left no one in charge
Change to the way banks are regulated is vital to ensure that there is no repeat of the recent crisis, Andrew Tyrie, the chair of the UK parliament's influential Treasury Select Committee, has told Central Banking journal.
In an interview published in the February edition of the journal, Tyrie said: "Carrying on as we are, with a virtually unchanged banking model regulated broadly as it has been regulated and relying on Basel, would carry considerable risks."
To this end, it was some comfort
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