LONDON, Oct 5 (Reuters) Deputy Governor of the Bank of
England Paul Tucker has suggested a levy on banks that could
be used to pay the costs of future financial crises, the Daily
Tucker said the threat of a levy could act as a deterrent
against reckless behaviour in the banking sector, the
"If banking sees that in systemic crises, the banking
industry would have to pick up the bill, I would like to think
that would change incentives and behaviour," the Telegraph
quoted him as saying.
Tucker, who is in charge of the Bank of England's
financial stability functions, made the comments at an
Institute of International Finance (IIF) conference running
alongside the International Monetary Fund annual meeting in
Istanbul, the Telegraph said.
(Reporting by Jon Carter; Editing by Jan Paschal)