FREE Central Banking web seminar
Financial regulation – who should do what?
This event has now taken place and has been archived and is available to view on demand. Please register or log in to participate.
Post crisis, many central banks’ financial stability mandates have been strengthened.
And many now believe that, in order to better safeguard stability, central banks need a much better understanding of individual banks and the industry’s behaviour. It has, therefore, been argued that central banks should be charged with the prudential regulation of banks.
However, for those that before the crisis were not tasked with regulation, there will be many cultural and operational factors to consider in taking on this role. Additionally, others argue that financial crises will remain nigh-on impossible to spot regardless of which institution is responsible for regulation, and that central banks’ failure to do so will damage their credibility.
Central Banking ON AIR’s next web seminar, “Financial regulation – who should do what?”, will ask whether commentators are right to push for regulation to move back within the central bank. It will further examine how those involved can ensure the transition is as smooth as possible.
Tune in on 7 September 2010 at 8.30am British Summer Time (BST) to hear what our expert panel has to say.
Don’t forget to register to be able access the platform for discussion and put your questions through to the panellists.
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Host: Claire Jones
Claire Jones is the editor of CentralBanking.com, the website of Central Banking Publications which delivers daily news and comment on central banking and financial supervision. She has also written articles for the Central Banking journal. Before becoming a journalist, Claire was an economic researcher at the University of Birmingham. She holds a joint honours degree in philosophy and economics from the London School of Economics.
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The speakers
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Sir John Gieve
Sir John Gieve is a former deputy governor at the Bank of England, where he was responsible for financial stability. Sir John joined the Bank in January 2006. Before his stint at Threadneedle Street, which ended in 2009, Sir John served as permanent secretary for the Home Office. He joined the Civil Service in 1974, working for the department of employment before moving to the Treasury in 1979. He has been a prinicipal private secretary to the chancellor of the exchequer, and between 1991 and 1994 headed the group responsible for policy on banks and City regulators. He holds an undergraduate degree in politics, philosophy and economics, and an MPhil in philosophy from Oxford University.
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Charles Goodhart
Charles Goodhart is professor emeritus at the London School of Economics. Charles was an external member of the Monetary Policy Committee at the Bank of England between 1997 and 2000, and is a former chief adviser at the Bank. He has published numerous articles on the topics of financial stability and regulation. In his spare time he is a sheep farmer (loss making).
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Paul Mortimer-Lee
Paul Mortimer-Lee is the global head of market economics at BNP Paribas, where he has worked since 1995, and is responsible for the global economic coverage of the bank’s team of market economists. Prior to taking up his position with BNP Paribas, Paul spent many years in what is now the monetary analysis division at the Bank of England, where his most recent position was division head for forecasting and conjunctural analysis. Before that, he worked in the Bank’s gilt edged and money markets division, and on issues relating to regulation and tax policy. He has also served a stint at the IMF. Paul was educated at the London School of Economics, where he obtained his undergraduate degree in economics and a masters specialising in monetary economics.
