Former central banker Paul Tucker is the chair of the Systemic Risk Council, a Fellow at the Harvard Kennedy School, and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. 


Financial Reform

Is The Financial System Sufficiently Resilient?

BIS Research Conference, 2018

A Research and Policy Agenda on Informationally Insensitive ‘Safe’ Assets Within a Money-Credit Constitution


Resolution Policy and Resolvability at the Centre of Financial Stability Regimes?

 IADI/BIS FSI Conference, Basel

I have a strong conviction that resolution policy should be at the very centre of public policy regimes for financial stability. But the question mark signals that I harbour concerns that resolvability is far from reaching that central position. Resolution policy should transform the principles and practice of both lender-of-last-resort policy and prudential supervision, but how in each case that remains an aspiration.