Paul Tucker spoke on whether the plans for financial reform are radical enough. Amongst other things, he discussed the debate on resolution. He said Lehmans was allowed to fail, though no-one could have doubted the severity of the effects of the failure. He looked at how various resolution regimes could work and the need for several options. He then moved on to discuss macroprudential policies and the role of the Financial Policy Committee. (Source: Discussion of Lord Turner's Lecture, "Reforming finance: are we being radical enough?")