Banking Supervision and the Special Resolution Regime of the Banking Act 2009: The Unfinished Reform

Banking Supervision and the Special Resolution Regime of the Banking Act 2009: The Unfinished Reform

One of the fundamental rationales underpinning banking regulation and justifying the costs it entails is the prevention of banking failures and associated depositor runs. This is exactly what the UK regulators could not prevent during the Northern Rock crisis.

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