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. 

LONG BIO

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.

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