because it represents in a single case study virtually everything that can go wrong with a bank. As we argue in the first … should induce governments and regulatory authorities to consider the lessons from this particular crisis. They indicate their … Northern Rock stretched to the maximum extent the opportunities for regulatory arbitrage induced by Basel 1 and which led to …

regulatory landscape, but also amounted to considerably more than business as usual. While the Dodd‐Frank Act creates new … regulatory instruments and powers that hold the potential for far‐reaching changes, most of the existing agencies and market … legislation: macroprudential regulation, consumer protection, reestablishment of the partition between deposit banking versus …