The Bank of England’s chief economist Andy Haldane wants a discussion on whether financial institutions may need to set aside more capital to help them weather any potential losses. Reuters reported that in a question and answer session on Twitter, designed to promote an upcoming BoE event in November, Haldane engaged in lively discussions around BoE policy, market liquidity and of course, tighter capital requirements.
Haldane said: “[Capital requirements] will be 10x higher than pre-crisis. Should they be higher still? Right question for tomorrow. We need that debate.”
