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”.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.