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...

In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...

This report explores the causes of the 2007-2008 UK financial crisis. Specifically, the impact of the UK financial system's transition from the “originate and distribute model” to the “mortgage-backed securities model”. This report explores the causes of the UK banking crisis, and its...

chapter 1 Introduction -- chapter 2 About HBOS -- chapter 3 The Politics of Risk Management -- chapter 4 The Chemistry of Audit Failure -- chapter 5 Regulatory Failure -- chapter 6 Findings and Implications for Finance Teaching and Research.