Jon Cunliffe - Bank of England

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Last quote by Jon Cunliffe

People were letting standards slip. You're starting to see it maybe a little bit more in mortgage terms. I think and hope this will slow this market down. But if it doesn't we may have to do more.feedback
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Oct 08 2017
Jon Cunliffe has been quoted 23 times. The one recent article where Jon Cunliffe has been quoted is UK lenders must raise £116bn of special debt by 2022 as Bank sets out new rules to avoid future bail-outs. Most recently, Jon Cunliffe was quoted as having said, “We didn't suddenly arrive at RBS, we got there through a series of failures that really damaged trust. The feeling was: 'Heads I win, tails the taxpayer loses. You have to have enough bail in-able resource, enough there to recapitalise you to our minimum standard so you trade as normal on Monday.”.
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Jon Cunliffe quotes

Feb 22 2017

In central clearing, in settlement, in payments if we wish to maintain the infrastructure to sustain an open and integrated global capital market, we will need to build upon the arrangements we have developed for supervisory cooperation and co-ordination.feedback

Feb 22 2017

This reduces the costs of central clearing - costs that are ultimately borne by the real economy - as well as allowing a more efficient and effective management of the risks that brings significant global financial stability benefits. Requiring each of these instruments to be cleared in the jurisdiction of the currency in which they are denominated would simply render multi-currency central-clearing impossible. Currency nationalism is not a necessary condition for either financial or monetary stability, as is demonstrated by international experience over recent decades.feedback

Feb 08 2017

We've made very substantial progress since the financial crisis, increasing the resilience of the financial sector and increasing its ability to support the economy in times of stress both nationally and ...globally. Those changes were necessary. None of us want to see again the sorts of events we saw between 2007 and 2009 and the costs of those events are still very clear. One doesn't become successful as an international center by having lax standards and by being open to crises and regulatory arbitrage.feedback

Feb 08 2017

Ultimately, the outlook for business investment, like the outlook for the economy more generally over the forecast period, depends largely on how households and businesses react to Brexit and on the process that accompanies it.feedback

Nov 03 2016

And to the extent that the transition to whatever new arrangements will apply is not orderly and smooth, the costs and risks will be greater.feedback

May 11 2016

We remain vulnerable to the resumption of the rates of credit growth, driven by the housing market, seen in the 10-year upswing of the last cycle.feedback

Apr 26 2016

There is clearly at present a wide gap between banks' disappointing returns on the one side and investors' expectations on the other. This is reflected in current price to book ratios. This gap may need to be closed from both directions.feedback

Feb 24 2016

I think there is still mileage in the slow healing story. My central projection remains that the UK economy will continue to grow solidly and that inflation will return to target over the next few years.feedback

Feb 24 2016

We have a range of tools at our disposal and should be ready to use them whichever risk materialises. If economic growth falters and pay and productivity remain stuck at current levels, then the healing story will become increasingly less convincing.feedback

Feb 03 2016

The risks are a bit less now than they were in 2014 but you can see the market starting to move back again. The market is now coming back again so maybe some of those risks are becoming a little bit more prominent.feedback

Jan 29 2016

These new rules will mean that UK banks and building societies are more resilient to adverse shocks, enabling them to continue to lend to households and businesses even in times of stress.feedback

Sep 02 2015

If credit began to grow faster than GDP, I would want to think very seriously about taking action to manage that sooner rather than later.feedback

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