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.