WHAT GOES AROUND……
May 9 2018
According to David Kynaston’s history of the Bank of England (Till Time’s Last Stand), financial crises of one sort or another seem to occur at roughly 10-year intervals and, usually, in the autumn. Oh dear! Let’s hope then all the lessons of the last crisis have been properly learnt. After all, as a famous financial journalist wrote: ““The great wish on the part of the English people as to currency and banking is to be safe.” Well, quite – and as true now as when it was written – in 1844 by Walter Bagehot.
My take on the last 30 years or so of financial crises and how the sector is responding can be found here in May’s edition of FS Focus. (My thanks to John Mongelard of the ICAEW and Chris Evans, the editor, and his team.)
The article can also be found here (on page 32).