Regulation in financial markets - Speech by Mr D A Walker

Quarterly Bulletin 1983 Q4
Published on 01 December 1983

By Mr D A Walker, an Executive Director of the Bank of England

In a speech on the theme of the Bank and self-regulation Mr D A Walker, an Executive Director of the Bank, remarks on the benefits London has enjoyed as a competitive financial centre from the light-handed regulatory regime adopted. Restriction, disclosure and integrity are essential elements in any regulatory arrangement-he considers the mix of these and the circumstances in which self-regulation rather than state regulation is most appropriate. Mr Walker also discusses the role of the Council for the Securities Industry.

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