Rates to near joining me on zero. Leaders with lacqua, former bank of england governor mervyn king. Mervyn king thank you so much , for speaking to bloomberg tv. It is always a great pleasure. What lessons have we learned . Mr. King i hope we learned the lesson that this was bigger than just a this was bigger than just a financial crisis. It represented a serious problem in the world economy. I am sure not everyone sees it that way, but i think that is the most important lesson. Second, we learned we need to worry not just about the amount of Equity Capital banks issue, we need to limit the leverage, but we also need to tackle the problem that banks are inherently unstable. People lose confidence in them. They take their money out, or they do not roll over their lending and we need to do that. , francine did we see early signs of it, or will relate to the game . Mr. King i think we saw signs in the world economy, and we should have given more weight to the rise of leverage in the Banki
Economy. Joining me on leaders with lacqua, former bank of england governor, economist and author mervyn king. Lord king, thank you so much for speaking to bloomberg tv. It is always a great pleasure. What lessons have we learned . From the financial crisis . Lord king i hope we learned the lesson that this was a lot bigger than just a financial crisis. It represented a serious problem in the world economy. Not sure that everyone sees it that way, but i think that is the most important lesson. I think secondly we learned we need to worry not just about the amounts of of Equity Capital banks issue, we need to limit the leverage, but we also need to tackle the problem that banks are inherently unstable. And if people lose confidence in them, they take their money out, or they do not roll over their lending, and we need a mechanism for dealing with that. Francine did we see early signs of it, or were we late to the game . Lord king i think we saw signs of it in the economy, and we should
Has been named as 22 year old salman abedi. The big question for investigators was he working alone . One man has been arrested in manchester. The flag at half mast over Downing Street. Election campaigning has been suspended for the day. All acts of terrorism are cowardly attacks on innocent people, but this attack stands out for its appalling sickening cowardice deliberately targeting innocent, defenseless Young Children. At four oclock this afternoon, the queen led a minutes silence at buckingham palace. Well be hearing from the fans youngsters who will remember last night for all the wrong reasons. It had been building up for years. When we booked the tickets it was so exciting, but its turned into the most traumatic thing. This is the scene right now at Albert Square a vigil to remember the dead and show solidarity. With many people still searching for missing loved ones, well have the latest. And in other news tonight, the actor sir roger moore has died at the age of 89. He was b
Hes understood to have been born in manchester to a family of libyan origin. Police and Security Services launched a wide ranging investigation, as the Prime Minister shared the outcome of the latest meeting of the cabinet Emergency Committee. It is now concluded, on the basis of todays investigations, that the threat level should be increased, for the time being, from severe to critical. Among the thousands of fans at the arena last night, there were many whod been looking forward to the concert for a long time. It had been building up for me, for like years. Since we got the tickets, it was so exciting. Its turned into like the most traumatic thing. Well be reporting on the remarkable strength of spirit among the people of manchester and how the community has responded. And well talk to people who attended tonights vigil in the heart of the city, where they heard a message of strength and solidarity. And in other news tonight the actor sir roger moore has died at the age of 89. He wa
Under way before the uks General Election. We will have all the details. 100,000 hotel rooms and 20 million visitors. Dubai sets its sights high as it prepares for the 2020 world expo. Well get the inside track from the hotelier hoping to cash in on the Building Boom. So luxury hotelsment we want to know whats the best perk you got from a hotel. Keep it clean. Let us know. Just use the hashtag bbcbizlive. I dread to think what people will send after that comment from sally. There is just one day to go until voters here in the uk head to the polls for the General Election. Its the Second National poll in two years after the referendum on eu membership. In light of recent terror attacks, security been a key issue on the campaign trail, but the economy will be a key factor that influences how people vote. And that could be determined by brexit. Minimising disruption to the economy is one of the most divisive issues between the governing conservatives and the opposition labour party. Since