Overview
- Demonstrates the variation in reaction of banks to the Great Financial Crisis 2008, taking into account agency, institutional path dependency, and structural competitive pressures
- Contributes to wider post-crash structural debates about growth, markets, and regulatory reform
- Shows how the agency of the ‘big four’ banks has played a vital role in driving the reform process post-crisis
- Offers the first comprehensive analysis of how Britain’s ‘big four’ banks have responded to the structural and institutional weaknesses highlighted by the Great Financial Crisis 2008
- Contains original and up-to-date empirical material on each of the ‘big-four’ UK banks spanning the post-crash decade (2008 – 2018)
- Accounts for the agency of banks and bankers in shaping the proximate environment as regulatory stakeholders
Part of the book series: Building a Sustainable Political Economy: SPERI Research & Policy (SPERIRP)
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Table of contents(8 chapters)
Keywords
- UK Banking
- Great financial crisis
- corporate governance
- financial regulation
- financial policy
- financial crisis
- policy learning
- banking markets
- leverage
- RBS
- Lloyds
- Barclays
- HSBC
- capital
- credit rating
- Bank of England
- Bank of Scotland
- Financial Stability Board
- Financial Services Authority
- financial crises
- banking
About this book
Reviews
‘Barber’s book offers a hugely important contribution to the field of political economy – and social science more generally. The novel “learning” framework Barber applies to UK banks in the wake of the 2008 crisis is both sensible and innovative, and enables a fresh set of insights about the diverse – and diversifying – characteristics of the UK banking sector. I have learned a lot from Barber’s research, and the book deserves to be widely read’.
—Craig Berry, Future Economies Research Centre, Manchester Metropolitan University, UK‘Adam Barber observes that regulators, bankers and politicians have all promised to learn lessons from the 2008 financial crisis. This book asks whether, more than a decade on, they have done so. The answer he provides is nuanced and convincing and moves us beyond the binary alternatives of arguing that everything has changed or that nothing has changed’.
—Andrew Hindmoor, Deputy Vice President, Education, University of Sheffield, UK
‘Britain’s “Big Four” banks – RBS, Lloyds, Barclays and HSBC – were at the centre of the maelstrom of 2008. In this book, Adam Barber expertly charts how the crisis impacted differentially on the business models and internal governance structures of these major banking institutions. Extensive empirical work and a robust theoretical framework combine to illuminate important continuities and changes within these systemically important financial institutions. This book will be of great utility to anyone interested in banking, finance, institutionalism, British political economy as well as the wider legacy of the 2008 crash’.
—Scott Lavery, Lecturer in the Department of Politics and International Relations, University of Sheffield, UK
Authors and Affiliations
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Department of Economics, Policy and International Business, Manchester Metropolitan University, Manchester, UK
Adam Barber
About the author
Bibliographic Information
Book Title: UK Banks and the Lessons of the Great Financial Crisis
Authors: Adam Barber
Series Title: Building a Sustainable Political Economy: SPERI Research & Policy
DOI: https://doi.org/10.1007/978-3-030-70254-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-70253-3Published: 11 May 2021
Softcover ISBN: 978-3-030-70256-4Published: 12 May 2022
eBook ISBN: 978-3-030-70254-0Published: 10 May 2021
Series ISSN: 2946-3394
Series E-ISSN: 2946-3408
Edition Number: 1
Number of Pages: XVI, 350
Number of Illustrations: 1 b/w illustrations
Topics: Public Policy, Financial Crises, Banking