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Macro and Microprudential supervision - speech by Paul Tucker

Speaking at the British Bankers’ Association’s Annual Banking Conference, Paul Tucker – Deputy Governor for Financial Stability - reviews progress in constructing a new Social Contract between banking and society. He explains how changes in the UK’s regulatory architecture will work to return banking supervision to its historic mission of systemic stability.

Published on 29 June 2011

The new Social Contract for banking insists on resolvability and the health of the system as a whole. The goal is to move towards a financial system that is able to keep lending even during dark times.

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