As U.K. banks step up their lobbying against financial reform, the BoE's Paul Fisher finds they...

|By:, SA News Editor

As U.K. banks step up their lobbying against financial reform, the BoE's Paul Fisher finds they haven't yet gotten the memo. "Some banks have told us that they think they should not be required to hold capital and liquidity to deal with extreme tail events - leaving the public sector to be the capital provider of last resort." (pdf)