Andew Haldane - policymaker at the Bank of England, which last week opted to maintain interest rates and the nation's asset purchasing budget - believes regulations that restrict the ability of financiers to offer loans to firms should be eased during periods when the wider economy is suffering.
In an interview with the Financial Times, Mr Haldane indicated that greater levels of fluidity are needed when a situation dictates that further financial expansion is needed so lenders can "reflect returns to society".
"There is a strong argument for making risk weights dynamic and real-economy focused. At present, they are calibrated to the risk to a bank," he noted.
He went on to state that such a system should be established by senior bodies, but then implemented by local regulators.
By Tony Aynsley