Bank of England official says no evidence of bigger being better in banking; UK regulation should risk losing some financial business
Dec 18th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bank of England's executive director for financial stability, Andy Haldane, says "there is not so much as a scintilla of evidence of bigger being better in banking is the truth of it. A lot of the noise around that really is rhetoric." He also believes that UK should support regulation that risks losing some financial business