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Britain's banks have not learned all the lesson from the 2007-2008 financial crisis

3 February 2015

The Deputy Governor of the Bank of England, Andrew Bailey, has said that Britain’s banks have not learned all the lessons that they should have done from the 2007-08 financial crisis.

Mr Bailey noted that the banks are now more resilient. But he stated that the banks still had issues to address when it came to respecting rules regarding money laundering and financial sanctions, and added: “I’m afraid it’s still work in progress.’’

 

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