Paul Tucker is the author of Unelected Power and Global Discord, a Fellow at the Harvard Kennedy School, and a former central banker.


Bank regulators need strong principles and firm rules

Financial Times
The agencies that regulate financial markets are master craftsmen of detailed rulebooks. For decades, they have seen this as their main job, and for good reason.Companies prefer clear rules. Legislators want to avoid handing discretionary powersto unelected regulatory agencies. And the public rightly wants to know the standards to which companies are being held. READ THE FULL POST