The UK Banking System and its Regulatory and Supervisory Framework

1. Front Matter

   Pages i-xx

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2. Banking and Financial Markets

   1. Front Matter

      Pages 1-1

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

      • Carlo Gola, Alessandro Roselli

      Pages 3-18

   3. The UK’s Financial Structure and Economic Sectors

      • Carlo Gola, Alessandro Roselli

      Pages 19-47

   4. The Development of Private Pension Schemes and the Pension Reform

      • Carlo Gola, Alessandro Roselli

      Pages 48-56

   5. The Configuration of the Banking System in the Last 15 Years

      • Carlo Gola, Alessandro Roselli

      Pages 57-79

   6. The Stability of the British Banking Sector

      • Carlo Gola, Alessandro Roselli

      Pages 80-96

   7. Markets and Market Infrastructures: Institutional and Prudential Aspects

      • Carlo Gola, Alessandro Roselli

      Pages 97-119

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

      • Carlo Gola, Alessandro Roselli

      Pages 120-129

3. The Legal and Regulatory Framework

   1. Front Matter

      Pages 131-131

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   2. The New Regulatory Framework: The Financial Services Authority

      • Carlo Gola, Alessandro Roselli

      Pages 133-164

   3. The Combined Code of Corporate Governance

      • Carlo Gola, Alessandro Roselli

      Pages 165-169

   4. The Competition Act (1998) and Related Regulatory Framework

      • Carlo Gola, Alessandro Roselli

      Pages 170-178

   5. Conclusions

      • Carlo Gola, Alessandro Roselli

      Pages 179-183

4. Back Matter

   Pages 184-223

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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.

• banking
• competition
• corporate governance
• development
• economy
• financial market
• financial markets
• infrastructure
• interaction
• service
• stability

'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

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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