Darling Warns About Complacency in Financial System

Regulators must remain “very very” vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC – 10 years on from the start of the financial crisis.

He said a rising level of consumer debt in the economy was a growing concern.

Lord Darling was speaking on the 10th anniversary of the 2007 crash, which led to the government spending billions of pounds rescuing major banks.

He said the financial system was now safer but warned of “complacency”.

BBC

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam