The Northern Rock crisis: a multi‐dimensional problem waiting to happen

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.

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