• Paul Tucker


January 22, 2024, Interview: "Fifteen years ago, the world was in the midst of a financial crisis and central bankers were forced to intervene to restore trust in the financial system. Banks were the biggest and most worrying actors in the corporate world. Central banks were the only game in town as unconventional policies such as Quantitative Easing and Zero Interest-Rate Policy helped steady the world economy.  Today’s world sees global politics at the fore with financial stability perhaps less of a focus. And in recent years the concentration of market power in technology companies has seen the global policy debate shift from fear of banking giants to fear of digital behemoths and in particular the GAFAs (Google, Apple, Facebook and Amazon). In the UK, a new digital regulator (the Digital Markets Unit or DMU) is being established to deal with this."