Crisis, what crisis?

Author: | Published: 16 Jul 2018

Over the course of the last month I have attended not one, but two events focused on the inevitability of the next financial crisis. The consensus, from a number of high profile panellists, was that it was likely to once again come in the structured finance space.

Bar the most sceptical, the 2008 crisis is generally attributed to over-lending in the mortgage market: customers with poor credit ratings were allowed large sums of money they had little hope of ever repaying. Today, it may not follow the exact same route – but things feel very similar. This begs the question: why are...