Jump to ContentJump to Main Navigation
Banking Regulation and Globalization$
Users without a subscription are not able to see the full content.

Andreas Busch

Print publication date: 2008

Print ISBN-13: 9780199218813

Published to Oxford Scholarship Online: January 2009

DOI: 10.1093/acprof:oso/9780199218813.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 November 2019

The United Kingdom: Late Codification, Early Reform

The United Kingdom: Late Codification, Early Reform

Chapter:
(p.123) 5 The United Kingdom: Late Codification, Early Reform
Source:
Banking Regulation and Globalization
Author(s):

Andreas Busch (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199218813.003.0005

This chapter examines banking regulation in the United Kingdom. It begins with a description of the historical development of the banking system and its regulatory structure, followed by an examination of the relevant protagonists involved in this policy field. It then considers the interplay between crises and reforms which have influenced bank regulation during this period. It argues that regulatory policy in the UK was largely characterized by a reaction to crises in the banking sector (such as the Secondary Banking Crisis in the 1970s, the failure of JMB in the 1980s, and the cases of BCCI and Barings in the 1990s). A weak role for the UK Parliament let the Bank of England initially dominate a ‘club-style’ sectoral policy network. After repeated piecemeal reforms failed to provide long-term stability, the latter was disempowered in favour of a new unified financial regulatory agency, thus providing an example of major institutional change.

Keywords:   banking regulation, banking system, state regulation, British banking industry, Bank of England, banking crisis

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .