Lord King was Governor of the bank during with worst economic crisis ever. He reveals why he believes there must be fundamental changes to the structure of the banking industry to lock in the lessons of the crisis. He describes how a system, including economists’ ideas and ways of thinking, led to an institutional setup that generated the risky banking system and a distorted world economy. Lord King provides insights into his own decision-making process, gives his views on his successor, and the future of physical money and payments. He also comments on the besetting sin of modern politics – short term thinking. An un-missable LeadersIn interview.
As well as being the Author of the bestselling book, The End of Alchemy, Mervyn Allister King, Baron King of Lothbury is a former Governor of the Bank of England and Chairman of its Monetary Policy Committee from 2003 to 2013.
Lord King is a Fellow of the British Academy, an Honorary Fellow of King’s and St John’s Colleges, Cambridge, and holds Honorary Degrees from Cambridge, Birmingham, City of London, Edinburgh, London Guildhall (now London Metropolitan University), London School of Economics, Wolverhampton, Worcester and Helsinki Universities.
He is a Foreign Honorary Member of the American Academy of Arts and Sciences, sits on the Advisory Council of the London Symphony Orchestra, is a President of Worcestershire County Cricket Club, Honorary President of Ekenäs Cricket Club in Finland, and a Trustee of the National Gallery – and he’s passionate about learning the lessons from the last economic crisis, in order to prevent any suffering of it’s kind again in the future. He was interviewed by LeadersIn in the spring of 2016.