Participation in this event is by invitation only

The Centre for Economic Policy Research (CEPR) and the Centre for International Governance Innovation (CIGI) will host a discussion forum on the design and governance of financial stability regimes featuring Sir Paul Tucker.

CIGI Essays on International Finance, Volume 3: The Design and Governance of Financial Stability Regimes by Sir Paul Tucker explores the reforms made to the financial regulation regimes around the world since the 2007–2009 crisis.

Tucker argues these reforms have been simultaneously even and uneven — even, in so far as there is a shared core of reforms to banking and some capital markets; uneven, in the extraordinary diversity in the architecture and purposes of national regimes to preserve financial stability. Whereas a few countries have established high-level financial stability authorities with powers over the whole of the system, most have retained a patchwork of sectoral regulators, many of which lack an explicit mandate for stability. There is also a degree of discord in the orientation of researchers and policy makers.

Tucker will present the framework proposed in his essay with discussant Charles Goodhart, London School of Economics and CEPR chaired by Richard Portes of the London Business School, European University Institute and CEPR. 

Agenda: 

Registration 17:30 - 18:00 
Presentation and discussion 18:00 - 19:00 
Drinks and reception 18:00 - 19:00 

Event Speakers

Sir Paul Tucker

Sir Paul Tucker is chair of the Systemic Risk Council, and a fellow at the Kennedy School of Government, Harvard University. From 2009 to late 2013 he was Deputy Governor at the Bank of England, having joined the Bank in 1980. He was a member of all of the Bank of England's statutory policy committees: the Monetary Policy Committee, Financial Policy Committee (vice chair), Prudential Regulatory Authority Board (vice chair), as well as of the Court of Directors. Internationally, he was a member of the steering committee of the G20 Financial Stability Board, and chaired its Committee on the Resolution of Cross-Border Banks in order to solve the “too big to fail” problem. He was a member of the board of directors of the Bank for International Settlements, and was chair of the Basel Committee for Payment and Settlement Systems from April 2012. He is a member of the Board of the Financial Services Volunteer Corps, a director at Swiss Re, a Visiting Fellow of Nuffield College Oxford, a member of the Advisory Council of the AQR Asset Management Institute at the London Business School, and a Governor of the Ditchley Foundation.