Opinion: deregulation hits Basel?

Author: | Published: 11 Dec 2018

When governor of the Bank of England Mark Carney's tenure as chairman of the Financial Stability Board (FSB) ended on December 2, the international body appointed his replacement from the UK's best friend across the Atlantic. Randal Quarles, vice chairman for supervision of the Fed's Board of Governors, was given the nod in what has been called an apparent attempt to keep the US interested in monitoring and helping to navigate the perils of global financial and regulatory systems. Somewhat playground tactics, the suggestion is that by giving the US the reigns, they will stay interested and the prominence of the...