Magazine
Latest Issue

A crowd flowed over London Bridge: September 2008 was the cruellest month

When I was a bank regulator (among other things) from 1995 to 2003, an in-depth knowledge of the Basel Capital Accord was not an asset at dinner parties. Every now and then someone would be incautious enough to ask what it was I did all day in Canary Wharf. Being a literal-minded fellow, I would begin to wax lyrical about “risk-weighted assets” and “loss given default rates,” but my wife, who had powerful antennae in this area, would quickly rescue my unfortunate interlocutor. “He’s just being polite, dear,”…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect