'No surprise' BoE unaware of 2007 crisis: Ex-politician

Name: 'No surprise' BoE unaware of 2007 crisis: Ex-politician
Uploaded: 2015-01-07T08:30:00.000Z
Duration: 3 min 32 s
Description: John McFall, former chairman of the House of Commons Treasury Committee, says that neither U.S. or European regulators were aware of the financial crisis before it happened, so it is no surprise that the Bank of England did not see it coming.

John McFall, former chairman of the House of Commons Treasury Committee, says that neither U.S. or European regulators were aware of the financial crisis before it happened, so it is no surprise that the Bank of England did not see it coming.

03:32

Wed, Jan 7 20153:30 AM EST