Posts Tagged ‘London_Approach’

Will We Ever See the London Approach Again?

Thursday, November 1st, 2007 at 21:56

In days gone by the Bank of England knew how to step in and help ailing banks. The London Approach came to the fore in the 1970s when the secondary bank market faced collapse. The Bank was able to work with other banks to organize rescues and bailouts. No direct interference occurred but suasion and [...]

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A "New" London Approach?

Monday, September 10th, 2007 at 18:07

Credit risk has gone crazy. It appears to have emanated from the subprime meltdown in the US. What has struck me about the thirst for liquidity that has been brought about is that no one seems to have developed a secondary market in credit risk yet.Last time there was a slump that had property as [...]

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