THE FT COLUMN: Lessons from the credit crunch
The US learnt from Japan to recognise losses timeously and to strengthen bank balance sheets, while maintaining a flow of credit to the real economy, writes John Plender
07 August 2017 - 09:01
Ten years on from the credit crunch that marked the start of the greatest financial crisis in history, two important questions arise.
After extensive remedial work, is the global financial system now fit for purpose?