Sir John Vickers says UK banks are still at risk,with Beijing prepared to spend billions propping up Shanghai market as fears grow of current crashBritain’s banks are vulnerable to a global financial shock despite efforts to shore up their finances, according to the official who led the inquiry into the safety of UK banks following the 2008 crash.
Sir John Vickers, and who led the Independent Commission on Banking,said: “The Bank of England proposal is less strong than what the ICB recommended.” Related: Seven-and-a-half years on, this is a distressingly fragile recovery Related: Are we heading for a crash? | Albert Edwards, and Aditya Chakrabortty,Linda Yueh, Ruth Lea, and Fred Harrison,Vicky Pryce, Dambisa Mayo, and Yanis Varoufakis,Mariana Mazzucato Continue reading...
Source: theguardian.com