Financial Stability in the United Kingdom: Banking on Prudence

The UK financial market has been severely affected by the recent financial crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This paper reviews the supervisory and regulatory framework and the many reforms that have already b...

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Bibliographic Details
Main Author: Davis, E. Philip (-)
Format: eBook Section
Language:Inglés
Published: Paris : OECD Publishing 2009.
Series:OECD Economics Department Working Papers, no.717.
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705907206719
Description
Summary:The UK financial market has been severely affected by the recent financial crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This paper reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms. This Working Paper relates to the 2009 Economic Survey of the United Kingdom (www.oecd.org/eco/surveys/uk).
Physical Description:1 online resource (27 p. )