The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Here comes the millennium

Last National Bank of Boot Hill, Moorgate, London EC2

Yes, it's meet and greet time once again in old Washington dc featuring the imf and World Bank and a supporting cast of 10,000, give or take the odd freeloader, but this time your boy gets tapped by the Group of 30, which represents the better element among the attendees, so the other 9,970 get left out, and I have to make its keynote speech, on global Banking in the New Millennium. Mom, this is the kinda chore that is a signal honor, or the other way around, but there is no ducking out of it, I sit down with my crystal ball to conjure up a millenary world where banking is a great new business, but my crystal tells me one or two other things are apt to happen first.

IMF goes bust: obvious, really, they make the same mistake as Barings, they ship all their capital abroad and pour it into a bottomless hole and figure they are doing the right thing and no alarm bells sound, until Mexico goes down for the third time, or maybe it is Russia, but this time it takes the imf down with it.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree