Fringe Banking Crisis

4 mentions.

1979 - 1986

(back to homepage)

1979 to 1986

four mentions

over seven years

^Back to Top

It is ironic that today we have seen headlines describing the last echo - perhaps not the last - of the Fringe Banking Crisis and crash of 1972–73.

Over the past couple of years we have had the Fringe Banking Crisis, the sterling crisis and the scandal of the Crown Agents.

It is generally recognised that some of the inadequacies now apparent in the Banking Act 1979 are due to the fact that it was designed specifically to redress the problems of the Fringe Banking Crisis of the early 1970s.

In the mid-1970s, the City of London was rocked by the Fringe Banking Crisis which occurred in the wake of the collapse in property values, and some fringe banks went to the wall.


Built by Inkleby
This website uses cookies to see how many people visited (Learn More).