Why banks and regulators missed the risks in the credit system before 2008

In coming months, on the 10th anniversary of the last great financial crisis, there will be a new round of debate about why banks and regulators missed the risks in the credit system before 2008.

It’s not the big, obviously radical decisions that create disasters in finance but subtle periods of mission creep, when slightly deviant behaviour is quietly tolerated.

Gillian Tett FT 20 June 2018

Financial crisis



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