Speaking before the Bretton Woods Committee, FSA’s chairman has reviewed the achievements and remaining priorities in building a sounder financial system for the future. To tackle the risk of accelerated deleveraging and not harm the recovery, these reforms must be accompanied by unconventional central bank policies and robust stress testing and recapitalisation exercises, with a public backstop where needed. On a similar note, Andrew Bailey, speaking at the BBA Annual Banking Conference, has discussed the balancing act undertaken by the Financial Policy Committee (FPC), of which he is a member. The resilience of the financial system is its primary objective but, subject to achieving resilience, FPC must also support economic policy and encourage growth. (Source: Regulatory Reform and Deleveraging Risks, by Adair Turner and The Future of Banking Regulation in the UK, by Andrew Bailey)