Abstract
A growing body of literature deals with the application of theories developed in other disciplines to financial institutions, to which a paper in this issue now adds. As outlined here, however, views differ as to its relevance. See Perspective p.351 In a Perspective review, Andrew Haldane, executive director for financial stability at the Bank of England, and ecologist Robert May look at the nature of risk that led to the recent global crisis in the international banking system. Utilizing tools more often used to analyse ecological food webs and the spread of infectious diseases, they conclude that there are lessons to be learned from the exercise that could inform future public policy decisions.
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