BoE can resolve financial stability coordination issues: Broadbent
Credit: Reuters/David Stubbs
Benjamin Broadbent, Deputy Governor of the Bank of England, arrives at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming August 22, 2014.
'There is not a first-mover advantage to any of the bodies. They meet pretty regularly and share three members,' Bank of England Deputy Governor Ben Broadbent said at the Federal Reserve's annual central banking conference here.
Bank of England Governor Mark Carney announced in late June a major reorganization of the central bank, which included a newly empowered financial stability division. The move was meant to help contain risks from the housing market.
Broadbent on Saturday said the new financial stability goals at the central bank were not in conflict with its inflation and growth goals.
(Reporting by Howard Schneider; Additional reporting by Michael Flaherty; Editing by Paul Simao)
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