PRA’s discretionary regulatory powers criticised
Author: | Published: 7 Nov 2011
Sir Mervyn King’s calls for the Bank of England to
be given discretion to force banks to restructure or cut
borrowing has been met with hostility by some lawyers.
Sir Mervyn last week called for the proposed Prudential
Regulatory Authority (PRA) to "be able to say to a bank that
your leverage has gone from 20 to 1 to 40 to...