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Bank warns of market failure from a return to lax financial rules

Geoff Riley

9th February 2017

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Many students will be exploring aspects of financial market failure as part of their A level economics course. This article from Kamal Ahmed is a useful primer on the importance of credible regulation in banking and other financial services.

The Deputy-Governor of the Bank of England fires a warning shot that a return to light-touch (aka lax) regulation of the financial sector increases the risks of another systemic financial crisis. It reminds me of the most dangerous five words in economics ... "this time it is different".

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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