LONDON (SHARECAST) - In remarks today at the British Bankers’ Annual Conference Bank of England, Deputy Governor Paul Tucker said that, “there is still a tangible probability, not a high probability but a tangible probability, that the worst may still be ahead”.
“We are in very difficult circumstances at the moment,” he added, saying that banks were still working through the damage inflicted on their balance sheet by the financial crisis.
The above remarks were apparently made in the context of a debate on the considerations which led the BoE’s Financial Policy Committee (FPC) to recommend increasing banks’ capital requirements.
LONDON (SHARECAST) - In remarks today at the British Bankers’ Annual Conference Bank of England, Deputy Governor Paul Tucker said that, “there is still a tangible probability, not a high probability but a tangible probability, that the worst may still be ahead”.
