Bank of England warns against relaxing financial regulation
The deputy governor of the Bank of England, Sir John Cunliffe, has told the Βι¶ΉΤΌΕΔ that moves to loosen banking regulation will damage the global economy.
The warning follows an executive order signed by President Donald Trump ,which aims to review the Dodd-Frank Act, a law that tightened US banking regulation in the wake of the financial crisis.
Βι¶ΉΤΌΕΔ Business Editor Kamal Ahmed reveals more of his conversation with Sir John Cunliffe and we get an American view of developments from Irwin Stelzer, an economist at the Hudson Institute in Washington DC.
(Picture: The Bank of England. Getty Images.)
Duration:
This clip is from
More clips from World Business Report
-
Gen Z candidates gaining ground in 2024 US elections
Duration: 04:30
-
Could a deepfake be used to steal your identity?
Duration: 07:39
-
K-Pop choreographers join the Korean Wave
Duration: 04:31