The document analyzes the factors that led to the crisis at Northern Rock from different perspectives, including the roles of key players like the bank's executive directors, the Financial Services Authority (FSA), and the Bank of England. It finds that the FSA ignored issues with Northern Rock's business model and directors' qualifications, while the Bank of England failed to act as lender of last resort in a timely manner. Recommendations include strengthening liquidity management, stress testing, and the resources of the FSA and Bank of England to improve financial oversight and prevent future crises.

1. Presented by: Miryana Marina Clarisa Fouz Imtiaz Azhar Syed Femi

12. Northern Rock Financial performance over the years

13. NR Liability Structure

16. NR Borrowings

17. NR Directors Remuneration £ 000