In his speech, Marcus Killick discusses the recent global financial events and particularly their impact on the UK, focusing on the Northern Rock bank crisis and the broader credit crunch. It highlights the interconnectedness of the global financial system, the issues with subprime mortgages, securitisation, and credit rating agencies, as well as the role of regulators and deposit protection schemes. The speech also touches on the challenges faced by banks, private equity funds, and the need for transparency and trust in the financial markets.
Read the speech: Gibraltar Bankers Association Annual Conference – The Credit Crunch
(First presented at the Gibraltar Bankers Association annual conference, 2007.)
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