The Northern Rock crisis: a multi‐dimensional problem waiting to happen
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 22 February 2008
Abstract
Purpose
The purpose of this paper is to offer an initial assessment of the Northern Rock (NR) crisis.
Design/methodology/approach
The paper describes the context of financial market turmoil and the multi‐dimensional aspects of the crisis.
Findings
The central finding of this paper is that the NR episode is a multi‐dimensional problem and reflects a complex set of inter‐related problems.
Originality/value
The paper brings together some of the strands of the analysis and addresses several lessons that can be learned.
Keywords
Citation
Llewellyn, D.T. (2008), "The Northern Rock crisis: a multi‐dimensional problem waiting to happen", Journal of Financial Regulation and Compliance, Vol. 16 No. 1, pp. 35-58. https://doi.org/10.1108/13581980810853208
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited