Financial Stability in the United Kingdom: Banking on Prudence
E Davis ()
No 717, OECD Economics Department Working Papers from OECD Publishing
Abstract:
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).
Stabilité financière au Royaume-Uni : miser sur la prudence Le marché financier britannique a été sévèrement touché par la crise financière. Celle-ci a mis en évidence de nombreuses faiblesses des mécanismes de contrôle et des dispositifs de gestion et de résolution des crises. Le présent chapitre examine le cadre de contrôle et de réglementation, ainsi que les nombreuses réformes qui ont déjà été adoptées pour remédier à ses faiblesses. Il s’achève par des recommandations concernant de nouvelles réformes. Ce document de travail se rapporte à l'Étude économique de l'OCDE sur le Royaume-Uni 2009 (www.oecd.org/eco/etudes/uk).
Keywords: financial regulation; financial stability; macroprudential issues; questions macroprudentielles; réglementation financière; stabilité financière; système bancaire du Royaume-Uni; UK banking system (search for similar items in EconPapers)
JEL-codes: G18 G21 G29 (search for similar items in EconPapers)
Date: 2009-07-22
New Economics Papers: this item is included in nep-ban, nep-reg and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:717-en
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