Northern Rock & financial supervision
This note outlines the events surrounding the difficulties encountered by the Northern Rock bank in summer and autumn of 2007. It sets out the background to the Northern Rock crisis, including information on the ‘credit crunch’ and on the tripartite arrangements for financial supervision.
Financial institutions
Briefing
The note includes a timeline of the main events from the beginning of the difficulties in the financial markets on 9 August 2007 to Noirthern Rock bank passing into public ownership on 22 February 2008.
Documents