The seminar focuses on the events leading up to the first run on a UK bank since 1866 – that of Northern Rockin August 2007.

 

At the end of Intrinsic Value's training seminar on Northern Rock the participant should be able to:

􀂅  Describe the Timeline of Events.

􀂅  Describe  how  the  bank’s  business  model  was  a  significant  contributory

     factor in the crisis.

􀂅  Understand how liquidity management is so vitally important when managing

     a mismatched funding book.

􀂅  Describe the multi-dimensional (co-variance) risk problems of Northern

     Rock.

􀂅  Understand Reputational Risk,  and  the  difference  between  Solvency and

     Liquidity.

􀂅  Discuss the role of the regulator, and Bank of England.

􀂅  Discuss the events  leading up to the losses, the risks incurred, the eventual

     UK government rescue operation, and the mitigation process described.