Radical Uncertainty, with Mervyn King, John Kay and Jesse Norman
Intelligence Squared
00:00
Regulatory Missteps and Banking Uncertainty
This chapter explores the regulatory failures that preceded the banking crisis, focusing on Northern Rock's surprising collapse despite being viewed as stable. It critiques the reliance on numerical models that failed to account for essential risks, highlighting the inadequacies of simplistic measures in maintaining financial stability.
Transcript
Play full episode
