Buffer zone

21 Jan 2008 By Hugo Dixon

One might have thought off balance sheet debt would have a bad name following its role in financial crises including the current one. But, oh no. The UK government s Northern Rock rescue involves a mega £30bn off balance sheet vehicle. That s just smoke and mirrors.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)