LONDON - Michael Foot, the Bank of England deputy director in charge of supervision and surveillance, indicated he doesn't see the need to curb the growth of derivatives following the collapse of Barings PLC.

In an interview for European Business News television network, the Bank of England director said Barings, is a reminder that "controls are paramount."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.