The Governor of the Bank of England, Sir Mervyn King has urged banks to brace themselves for a potential eurozone collapse.
Delivering a financial stability report he warned that financial systems around the world are vulnerable to the eurozone debt crisis .
He said: "In the UK, we most try to bolster the resilience of our financial system to better withstand the storms that may come in our direction."
Advertisement1 December 2011 Last updated at 06:22 ET Help The Governor of the Bank of England, Sir Mervyn King has urged banks to brace themselves for a potential eurozone collapse.
Delivering a financial stability report he warned that financial systems around the world are vulnerable to the eurozone debt crisis .
He said: "In the UK, we most try to bolster the resilience of our financial system to better withstand the storms that may come in our direction."
http://www.bbc.co.uk/news/business-15984504
Delivering a financial stability report he warned that financial systems around the world are vulnerable to the eurozone debt crisis .
He said: "In the UK, we most try to bolster the resilience of our financial system to better withstand the storms that may come in our direction."
Advertisement1 December 2011 Last updated at 06:22 ET Help The Governor of the Bank of England, Sir Mervyn King has urged banks to brace themselves for a potential eurozone collapse.
Delivering a financial stability report he warned that financial systems around the world are vulnerable to the eurozone debt crisis .
He said: "In the UK, we most try to bolster the resilience of our financial system to better withstand the storms that may come in our direction."
http://www.bbc.co.uk/news/business-15984504
