BOE Governor Says Global Banks are More Robust Than in 2008 (1)

Bank of England Governor Andrew Bailey said the global banking system is more robust and better capitalized than in was in 2008, making a repeat of the crisis more than a decade ago unlikely.

“We’ve learned a lot of lessons in the financial crisis,” Bailey said in a pooled clip for broadcasters on Thursday. “Of course we keep learning lessons. I’m confident that in this country we are in a much stronger position. Their capital is stronger, their funding is stronger, and so far I think we’ve seen the signs that they’ve come through that robustly.”

The remarks followed the ...