Domino Impact. The market meltdown ten years on – more regulation, but has such a thing actually changed?
The market meltdown ten years on – more regulation, but has such a thing really changed?
About ten years ago, the banking that is global advertised certainly one of its many high-profile Uk scalps as Northern Rock spectacularly collapsed following its incapacity to have funding into the interbank debt market to fund its tasks, too little customer self- confidence and a run using cost savings. It had been a watershed moment in a dark period that sparked wide-ranging regulation reforms within the banking sector and held many classes. However with a decade of hindsight, have actually we ensured so it could never ever take place once again?
The difficulty may even be that reforms introduced aided by the most useful motives have actually unintended unwanted effects. Ler mais