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OECD Economic Surveys: United Kingdom 2009

image of OECD Economic Surveys: United Kingdom 2009

The 2009 edition of OECD's periodic review of the UK economy. This edition focuses on policies to overcome the crisis and includes chapters on restoring sound public finances, an economic health check of the National Health Service, financial stability, and structural policies to promote sustainable long-term growth.

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Financial stability

Banking on prudence

The UK financial market has been severely affected by the financial market crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This chapter 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.

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