Bank of England Deputy Governor Jon Cunliffe in London:
– To tailor stress tests to the economic cycle, tougher in boom times
– Banks must make ‘painful’ adjustments to business model
There are no comments on the outlook here. We’ll keep an eye out for Q&A later.
BOE’s Cunliffe: Banks shouldn’t expect a “turning back in the overall regulatory dial”
ByAdam Button
Jul 28, 2015