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In remarks given at the Institute for New Economic Thinking in Berlin on 14 April 2012, Andrew Haldane –Executive Director for Financial Stability and member of the Financial Policy Committee – argues that structural features of the financial system can make it prone to arms-race-type behaviour.
Published on
24 April 2012
Andrew Haldane argues that macro-prudential policy intervention to constrain this behaviour can create healthier outcomes for the financial system as a whole.
Press release