Philip Booth and David B Smith debate "Should the Bank of England be able to adjust bank capital ratios to match economic health?"
David B Smith argued that there are two main reasons why granting the Bank of England the power to impose capital ratios may prove helpful – macroeconomic and prudential.
Philip Booth, however, said we should not be binding the financial system up with so much regulation that banks never fail.
Read the debate here. [2]