February 2008

How not to stop a Rock rolling


The prevention of re-runs of the Northern Rock catastrophe depends on something better than the duplication of an existing regulatory committee.


The Rock is not an island

Proposals put forward by the chancellor of the exchequer to help the UK better deal with another incident like the implosion of Northern Rock look to be a knee-jerk reaction by politicians wishing to be seen doing something to solve a problem.

Although some proposals, such as increasing the proportion of deposits safeguarded by the deposit guarantee scheme, are useful, others, such as...


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