Some valuable points from the Governor today:
"The second theme is that, the market price of risk having risen, various players want the public purse to take on some of this higher price through various forms of support or regulatory change.
The various ideas should, of course, be assessed on their merits. But an important high-level point is that, in some instances at least, it would appear the taxpayer is being asked to shoulder more risk, one way or another, in order to facilitate the provision of private finance.
Whether, and in which areas, that might be a good idea – and if so how much might be charged for such support – is of course for governments and legislatures to determine. Hopefully your inquiries will be able to assist this process."
