No flying kick on French banks

Most people are, most of the time, apathetic and a little prone to nervousness about their financial security.

Runs on banks occur when there is a loss of confidence in the bank’s ability to return depositors’ money. They don’t happen when a rich ex-footballer tries to whip the population  in a frenzy of retribution. They really don’t.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.

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