Robert Jenkins

Claire Jones

Hello and welcome to today’s live blog on the Treasury Select Committee’s hearing for the Bank of England’s Financial Stability Report.

The governor will be giving evidence, as will executive director for financial stability Andy Haldane, and external Financial Policy Committee members Michael Cohrs and Robert Jenkins.

This post should update automatically every few minutes, although it may take longer on a mobile device. All times are London time.

13.18 The live blog is now closed.

13.17 Here are the key takeaways from today’s hearing:

  • The Bank is clearly nonplussed with the Treasury Committee’s call for a strong supervisory board. Sir Mervyn

 Read more

Claire Jones

Sir Mervyn King has a rival in the banker-bashing stakes.

Robert Jenkins, an external member of the Financial Policy Committee, on Tuesday lambasted the industry’s attempts to water down regulation as “dumb” and “dishonest”.

A few snippets: Read more

Claire Jones

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