De Larosière fears another crippling credit crunch in Europe

de-larosiere

Efforts by governments and regulators to strengthen the international financial system and reduce the chances of a recurrence of the global financial crisis, may spark another credit crunch in Europe as banks rush to deleverage their positions, according to Jacques de Larosière, chairman of Eurofi and a former managing director of the International Monetary Fund.

De Larosière, who is also a former governor of the Banque de France, expressed hits fears about the "unintended negative consequences"

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: