Andy Haldane, the Bank of England’s executive director for financial stability, is considered one of the most original thinkers in any central bank.
Mr Haldane, to his credit, not only picks holes in existing practices, but also suggests possible fixes.
His call for regulators to lower capital and liquidity buffers has, however, largely fallen on deaf ears, with the majority of the interim Financial Policy Committee against it. But another of his ideas appears to be more popular. Read more