The UK Banking System and its Regulatory and Supervisory Framework

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About this book

An account of the principal phases in the development of the English banking system, and an analysis of the financial structure of the economy of the UK. The book focuses in detail on the regulatory and supervisory aspects of the UK banking system, and the interactions between the structural aspects of the banking and supervisory system.

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Table of contents (11 chapters)

Front Matter

Banking and Financial Markets

Front Matter

The Structure of the Banking System Between the 1960s and the 1980s

The UK’s Financial Structure and Economic Sectors

Pages 19-47

The Development of Private Pension Schemes and the Pension Reform

Pages 48-56

The Configuration of the Banking System in the Last 15 Years

Pages 57-79

The Stability of the British Banking Sector

Pages 80-96

Markets and Market Infrastructures: Institutional and Prudential Aspects

Pages 97-119

The Sub-prime Mortgage Market Crisis and Its Effect on the UK Banking Sector

Pages 120-129

The Legal and Regulatory Framework

Front Matter

Pages 131-131

The New Regulatory Framework: The Financial Services Authority

Pages 133-164

The Combined Code of Corporate Governance

Pages 165-169

The Competition Act (1998) and Related Regulatory Framework

Pages 170-178

Conclusions

Pages 179-183

Back Matter

Pages 184-223

Reviews

'This volume gives a thorough introduction to the UK banking and financial system, and will be a very valuable source of authoritative information for practitioners and for students'

- Professor Peter Sinclair, Professor of Economics, University of Birmingham, UK

About the authors

CARLO GOLA works in the Banking and Financial Supervision of the Bank of Italy, Italy. He received a degree in Economics from University of Modena, Italy, and a Master of Philosopy (M.Ph.) in Economics from the University of Oxford, UK. He worked at Centro Studi Economici e Finanziari (IPSOA), at the Istituto per la Ricerca Sociale (IRS) and in research projects financed by the Consiglio Nazionale per le Ricerche (CNR). He has been appointed as Senior Advisor to the Executive Director of International Monetary Fund (IMF). He is author of several articles and working papers in applied economics and banking.

ALESSANDRO ROSELLI spent his whole career at the central Bank of Italy, lastly as chief representative for the United Kingdom. He gained a degree in Law, Rome University, Italy. He has been A.C. Jemolo Fellow at Nuffield College, University of Oxford and is currently visiting fellow at the Cass Business School in London. Among his books: 'La finanza americana' (Laterza, 1995), 'Il governatore Azzolini' (Laterza 2000), 'Italy and Albania, Financial Relations in the Fascist Period' (I.B. Tauris), 2006).

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