Davies Says Bank Regulators Don’t Trust Each Other (Audio)

Howard Davies, a board member of New York-based Morgan Stanley, and a former deputy governor of the Bank of England discusses BNP Paribas SA’s record $8.97-billion U.S. penalty, following a probe into unauthorized transactions with countries including Sudan and Iran. Davies says European and U.S. bank regulators don’t trust each other. He talks with Bloomberg’s Tom Keene and Michael McKee on Bloomberg Radio’s "Bloomberg Surveillance."

Running time 11:09

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