91福利社

The deputy governor of the Bank of England, Sir John Cunliffe, has told the 91福利社 that moves to loosen banking regulation will damage the global economy.

The warning follows an executive order signed by President Donald Trump ,which aims to review the Dodd-Frank Act, a law that tightened US banking regulation in the wake of the financial crisis.

91福利社 Business Editor Kamal Ahmed reveals more of his conversation with Sir John Cunliffe and we get an American view of developments from Irwin Stelzer, an economist at the Hudson Institute in Washington DC.

(Picture: The Bank of England. Getty Images.)