In this commentary, I argue that Leon Wansleben's focus on financial plumbing as a source of central banks' epistemic and instrumental power will be met by the profession with a mixture of relief, incredulity, and worry. More importantly, I maintain that central bankers' relationship with...

In these remarks, Paul Tucker, Executive Director for Markets and Monetary Policy Committee (MPC) member, notes that social, political and historic factors affect the choice of monetary policy decision-making structures in different countries. In the United Kingdom, the MPC sets Bank Rate on a...

In this speech, Paul Tucker, Executive Director for Markets and Monetary Policy Committee (MPC) member, discusses the challenges that the turmoil and fragility across financial markets has posed to monetary policy and financial stability. On monetary policy, the conditions were not favourable to...