In light of the Bernanke review of the economic forecasting methods that support monetary policy at the Bank of England, there would appear to be a strong case for a parallel independent review of the analytical methods that inform the BoE’s financial stability and prudential regulation work (“Bernanke warns BoE must change”, Report, April 13).
Fortunately, financial stability policy is less often in the news than monetary policy, but it too deserves careful attention and scrutiny.
Sir John Vickers
Former Chair of the Independent Commission on Banking
All Souls College, University of Oxford, UK
