Sir Paul Tucker, Harvard Kennedy School, discussed international regulation and democratic legitimacy, on December 12, 2014, at the Peterson Institute for International Economics. In his speech, Tucker considers whether it is acceptable that independent agencies collectively set global regulatory policy, that nationally elected legislators do not take more interest in international policymaking, and that the interconnectedness of the global financial system may make these and other thorny accountability issues unavoidable. Jo Marie Griesgraber, New Rules for Global Finance Coalition, and Edwin M. Truman, Peterson Institute for International Economics, provided expert commentary.
Tucker served as deputy governor of the Bank of England (BOE), with responsibility for financial stability, from 2009 to 2013, as well as member of the BOE's Monetary Policy Committee from 2002 to 2013 and member of the Financial Policy Committee from 2011 to 2013. He was appointed senior fellow of the Harvard Kennedy School and the Harvard Business School for the academic year of 2013–14.
Paper: Reforming the International Monetary and Financial System: What Role for National Democracies? [pdf]
Paul Tucker, Harvard Kennedy School
December 12, 2014