Who said it?

'If only banks were playing in a casino, then we probably could calculate appropriate risk weights,' if Bank of England Governor Mervyn King attacks the 'absurd' level of risk taken by banks - apparently, in future, banks must be forced to rely much more on equity to finance their risky activities. No details on potential enforcement strategies, though...

by Elizabeth Anderson
Last Updated: 09 Oct 2013

Find this article useful?

Get more great articles like this in your inbox every lunchtime