The Bank of England said it would respond to the collapse of Barings PLC by spending up to 25% more to monitor the banking industry and hiring as many as 20% more supervisors.

The central bank said a nine-month review triggered by the 1995 trading debacle found that it needs more people and more sophisticated technology to monitor risk-taking.

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.