Central banks are preferred regulators: CentralBanking.com panel

gavelandscales

The trend for central banks to be handed additional power to regulate financial firms should be welcomed, but with caution, a panel of leading commentators said Tuesday.

Panellists on Central Banking On Air's web seminar on financial regulation agreed measures to hand power for regulation back to central banks was the right move.

Sir John Gieve, a former deputy governor for financial stability of the Bank of England, said internalising regulation within central banks would minimise gaps in the r