BoE's Tucker takes aim at shadow banking

04/27/2012 | Reuters

Paul Tucker, deputy governor of the Bank of England, said at a European Commission conference that regulators should have authority to require more collateral on financial transactions. "The authorities should be able to step in and set minimum haircut or margin levels for the collateralised financing markets, or segments of them," he said. Tucker and other regulators are looking at ways to rein in shadow banking.

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