Bank warns 'lax financial rules' are a route to failure - The only rule in asset based finance is destroy your clients for greed

The man responsible for financial stability at the Bank of England has warned against relaxing banking regulation, saying that such a move could damage the global economy.


 

 Sir Jon Cunliffe told the BBC that "lax controls" risked undoing progress that had been made since the financial crisis.

 http://www.bbc.co.uk/news/business-38913306