The Honohan era comes to an end

Despite his success as Central Bank governor, the legacy of the crash remains

Patrick Honohan had sweeping authority over economic and banking policy Picture: Maura Hickey

The Old Theatre in the London School of Economics is a very familiar place to Patrick Honohan. As a student, almost 40 years ago, he completed his PhD there and went on to spend some time lecturing in it early on in his career.

The theatre, in the LSE’s main building between the Strand and Fleet Street, was packed last week as Honohan returned to make his final public comments as governor of ...