European policymakers are being urged to make banks more resistant to potential shocks in case of another financial crisis in the future. In a newly released report, Finance Watch called on decision makers to heed the lessons of the 2008 crash which, it said, has now “largely faded” from memory. Amid new challenges, the non-governmental organisation (NGO) warned that “global cooperation has increasingly given way to competition”. In particular, it highlighted the lack of progress on Basel III, an accord created after the financial crash to protect against future crises. This complacency, Finan…