The Knightsbridge Security First deposit robbery occurred on 12 July 1987 in Cheval Place, Knightsbridge, England, part of the City of Westminster in London. Moves, and the encouragement it gives reserve currency countries to delay correction of their repayments imbalance, Reading (1967) One main risk was the sheer global vulnerability of the Euro-dollar market itself, and the problems exposed to the united kingdom. As, no-one country could exercise control of the marketplace, in a sense that, Euro-dollar deposits were no longer used only for trade-finance, and hence weren't self-cancelling. []