WASHINGTON, April 9 Bank regulators need to
develop much simpler rules to make it harder for large financial
firms to game the supervisory system, Bank of England official
Andrew Haldane said on Tuesday.
"We need to do a radical pruning, simplifying of our
regulatory apparatus (that) places much less emphasis on what
are unreliable measures of risk," Haldane, the BoE's executive
director for financial stability, told a conference sponsored by
the Federal Reserve Bank of Atlanta.
He said current international capital rules place undue
burdens on small firms and may exacerbate the problem of banks
that are seen as "too big to fail" over time.