OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- Forthcoming titles
- ISSN: 18151973 (online)
- https://doi.org/10.1787/18151973
Financial Stability in the United Kingdom: Banking on Prudence
The UK financial market has been severely affected by the recent financial crisis. The crisis has
exposed weaknesses in the supervisory framework as well as that for crisis management and resolution.
This paper reviews the supervisory and regulatory framework and the many reforms that have already been
adopted to remedy these weaknesses. It also provides recommendations for further reforms. This Working
Paper relates to the 2009 Economic Survey of the United Kingdom (www.oecd.org/eco/surveys/uk).
Keywords: UK banking system, financial regulation, macroprudential issues, financial stability
JEL:
G21: Financial Economics / Financial Institutions and Services / Banks; Depository Institutions; Micro Finance Institutions; Mortgages;
G29: Financial Economics / Financial Institutions and Services / Financial Institutions and Services: Other;
G18: Financial Economics / General Financial Markets / General Financial Markets: Government Policy and Regulation
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