The Head of Banking Supervision, Mr W P Cooke, addresses the question of reconciling a supervisor's concern for sound banking practice with the wider regard a central bank must have for a strong international financial system. He argues that if the present problems are faced with a sturdy realism no significant erosion of prudential standards need occur. But the system must retain the confidence of those who use it, and confidence in itself. Good information flows about markets and risks will help it to make the broadly based judgements that are needed.
The international banking scene a supervisory perspective - Speech by Mr W P Cooke