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Business Daily: Are UK Banks Ready for Another Crisis?

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Are UK Banks Ready For Another Crisis?

07/01/2016 GMT

Are UK Banks Ready for Another Crisis?

BBC World Service - Business Daily, Are UK Banks Ready for Another Crisis?

Worries that UK's financial regulator has gone soft on the banks that call London home

Has enough been done to make UK institutions more resilient to another financial crisis? And can passport-free travel in the EU survive?

Have we learnt our lessons from the 2008 global financial crisis? Simon Jack reports from London's financial district amid concerns that Britain's financial regulator has started to go soft on the many international banks that call London home. Also, as Sweden and Denmark re-introduce border controls to stem the arrival of refugees, Keith Moore reports from the Swedish town of  Avesta. And, we ask whether passport-free travel can survive in the European Union. It is enshrined in the EU's Schengen agreement but Claude Moraes, a British opposition Labour party Member of the European Parliament, tells us he believes it is now "probably inevitable" that the agreement will need to change.

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Are UK Banks Ready for Another Crisis?

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