The recent financial crisis saw the rise of a multitude of concerns relating to the inadequacies of the United Kingdoms' insolvency and regulatory framework in dealing with the failing of major financial deposit-taking institutions such as Northern Rock and HBOS. This included the system of...

The impetus for this paper came after the financial crisis of 2007-2008, its global consequences and specifically how incomplete information "information asymmetry" between local banks and regulators extremely affected the banking sector. Financial institutions and regulators are-from a...