The 2008 economic turmoil, which greatly affected the UK, led to the realisation that there had been a missing link in the overall structure of financial regulation. Thus, within days of coming into power, the Coalition Government announced its plans for an extensive overhaul of the regulatory...

A survey of past financial crises, starting with the great banking collapses of the interwar period. The current turmoil has prompted a number of questions regarding both its origins and ways to avoid its repetition. The historical background and the evolving institutional framework of banking...