Barclays Plc’s top executive said it’s “more than likely” there will be another financial crisis, but problems inside the banks themselves are unlikely to be the trigger this time.

Instead, Jes Staley said he sees potential shocks from a seize-up in credit markets — a key sector for Barclays — given where risk in the system has gone since banks shrank their balance sheets. A hard Brexit is another risk. Read More.