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Ten years on, regulators should worry about Northern Rock re-runs

A crisis precisely like the one that engulfed Northern Rock a decade ago probably couldn't happen again - but there are plenty of other risks facing the sector

Regulators called time on Northern Rock in 2007, but could new risks in banking set the clock back?
Regulators called time on Northern Rock in 2007, but could new risks in banking set the clock back? Photo: Getty Images

A decade on from the debacle at Northern Rock, regulators have done a good job of fixing the problems that led to the first bank run in the UK in a century. So what will cause the next one?

All bank runs boil down to the same loss of confidence, a factor that is impossible to ever really eliminate. What changes is the cause of that loss in confidence.

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