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Another sign that a financial crisis may be looming.... the Bank of England have decided to 'relax' regulations on banks & insurers, but are reassuring us its not a 'race to the bottom'.

I mean it not like there's any recent experience that might want to give anyone pause for thought on any deregulative momentum in financial services.

What is it? Does no one recall what happened in 2008?

Oh no, of course.... we've learned the lessons of that crisis!

#FinancialCrisis #regulation

h/t FT