 The Nature of Clearing Bank RegulationLinda Arch ()
Chapter Chapter 2 in The Regulation of the London Clearing Banks, 1946–1971, 2018, pp 15-60 from Palgrave Macmillan Abstract: Abstract This chapter describes and explores the nature of clearing bank regulation in the period from 1946 until the early 1970s. For analytical purposes, it classifies regulation as taking the form of codified regulation, normally in the form of primary legislation; extra-legal regulation (that is, non-statutory regulation, or “soft law”); and self-regulation. It begins by briefly summarizing the legal framework within which the clearing banks operated. It then explores the non-statutory ways in which the banks were regulated, including ratio requirements, deposits schemes, quantitative and qualitative guidance on lending, the provision of information and moral suasion. It also considers the constraints over the activities of the clearing banks which regulated them indirectly. It closes by considering the self-regulatory aspects of clearing bank regulation. Keywords: Cash ratio; Liquidity ratio; Special Deposits Scheme; Moral suasion; Codified regulation; Extra-legal regulation; Self-regulation (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-00910-6_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-00910-6_2 Access Statistics for this chapter More chapters in Palgrave Studies in Economic History from Palgrave Macmillan |
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