The promise of protection

A year on from the events of Black Friday, Ray Davies explores the benefits of player protection now and in the future In the 16th century goldsmiths (the bankers of their day) would accept gold deposits, provide loans and fund transfers and receipt these with what was known as ‘running cash notes’ which promised to pay the bearer on demand the sum deposited. In 1694 the Bank of England was established and continued the practice of iss...