Prof. Jayanth R. Varma's Financial Markets Blog

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Prof. Jayanth R. Varma's Financial Markets Blog, A Blog on Financial Markets and Their Regulation

© Prof. Jayanth R. Varma
jrvarma@iimahd.ernet.in

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Sun, 28 Oct 2007

Liquidity Risk and Northern Rock

I have spent a fair amount of time trying to understand the collapse of Northern Rock in the United Kingdom by poring through the transcripts of the Treasury Committee hearings that took evidence from the Bank of England, the Financial Services Authority and the directors of Northern Rock as well as the financial statements of Northern Rock itself.

In a separate post, I shall discuss the implications for the regulatory architecture (separation of bank supervision from the monetary authority. In this posting, I shall focus on what I have learnt from all this about managing liquidity risk:

Posted at 19:17 on Sun, 28 Oct 2007     View/Post Comments (1)     permanent link




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