In the face of 1/8  BIS central bankers' speeches  widespread runs at the start of the Great Depression, banks holding large portfolios of illiquid home loans had to close, exacerbating the contraction.
We challenged progress every step of the way, going to the outer edge of our remit to do so – challenging the organisational structure and resource capacity, challenging skills and experience, challenging governance and oversight, policies and procedures, workout strategies and execution ability.