To prevent another financial crisis in the future, banks may have to set rules and regulations on their policies and keep a close eye on the money their lending.
Some rules could be:
Showing a wage slip when asking for a loan;
Letting the bank look up your record of how much money you've spent in the last week or so and what on;
Making sure your able to pay the banks back after the loan has been spent;
Keeping a closer eye on the money whilst someones spending it to make sure they didn't take out the loan and spend it wrongly;
These rules could be implimented in the future of the banks to ensure nothing like the incident in 2008 where the UK's lost output was £7.6 trillion. Can they prevent a financial crisis in the coming years?