The lessons of crises

Charles Dallara, banker and former MD of the Institute of International Finance who's had an inside role in tackling financial imbroglios, says seeds of crises are being planted.


IF there were such a thing as a doctorate in financial crisis management it would surely have been conferred upon Charles Dallara. With his remarkably wide-ranging experience in global finance, as both a public official and a private sector practitioner, he has gained unique insights into the causes of financial crises, and how to deal with them.

Against a backdrop of the Greek debt crisis ever ready to erupt into a Europe-wide crisis - memories are fresh still of the 2008 global financial crisis and high-level officials warning that a fresh crisis may be in the making - the former US Treasury and IMF official-turned-financial sector diplomat has some valuable lessons to offer.

In an interview...

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