Bank Of England Exec Calls Post-Crisis Rules Too Complex

Law360, New York (August 31, 2012, 2:43 PM EDT) -- A top Bank of England official on Friday said that global regulators' response to the 2007-2009 financial crisis was to make an already too-complex regulatory structure even more complex, and that the revisions would likely not prevent a future crisis.

Andrew Haldane, the British central bank's executive director for financial stability, said that “less may be more” when policymakers consider financial regulations. He spoke at the Federal Reserve Bank of Kansas City's annual policy conference in Jackson Hole, Wyo.

“As you do not fight fire with...
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