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1536340733 complacency over banks risks new financial crisis boe policymaker warns us - Complacency over banks risks new financial crisis, BoE policymaker warns US 

Complacency over banks risks new financial crisis, BoE policymaker warns US 

Complacency over banks risks new financial disaster, BoE policymaker warns US 

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - Complacency over banks risks new financial crisis, BoE policymaker warns US 

A new financial disaster may well be at the means if the teachings of the credit score crunch are forgotten and vital restrictions on lending are scrapped, a best Bank of England policymaker has warned.

Complacency brought about the disaster a decade in the past and may just finally end up sparking the following one, stated Donald Kohn, a former vice-chairman of the Federal Reserve and now a member of the Bank’s financial coverage committee.

He advised regulators “to avoid the trap of forgetting and repeating history”.

“I fear memories may be fading; banks in the United States are profitable and well capitalised, and their requests for regulatory relief are falling on sympathetic ears in some quarters,” he informed a convention in Denmark.

“The underlying…

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