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Financial Deregulation in the United Kingdom

Authors :
Forrest Capie
Source :
Financial Deregulation
Publication Year :
2021
Publisher :
Oxford University Press, 2021.

Abstract

Was there financial deregulation in the United Kingdom in the late twentieth century? There had been several episodes of financial regulation and deregulation in British financial history. Deregulation from the 1820s to the 1870s was followed by a long period of stable and light regulation. That lasted until WWII. After that the trend was upwards. The first statutory banking regulations in more than 150 years were introduced in 1979 and then in 1987. These Acts were accompanied or followed by Basel rules. In the 1990s the Financial Services Authority was established and regulation increased steeply thereafter. The compliance burden rose steadily throughout. Deregulation in these years is hard to find.

Details

Database :
OpenAIRE
Journal :
Financial Deregulation
Accession number :
edsair.doi...........c5298c8bcac89a4f73bbccff856294e4
Full Text :
https://doi.org/10.1093/oso/9780198856955.003.0003