UK financial system needs urgent overhaul, says thinktank
by Jill Treanor from on (#A7AB)
New Economics Foundation calls for banking reforms and warns that strength of Britain's financial system lags behind its G7 peers
The UK's financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank.
A report published by the New Economics Foundation on Tuesday places the strength of the UK's financial system last out of the G7 bloc of leading industrial countries, behind Japan, Germany, France, Italy, the US and Canada.
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