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2016 | OriginalPaper | Buchkapitel

19. Banking in the UK

verfasst von : Philip Molyneux

Erschienen in: The Palgrave Handbook of European Banking

Verlag: Palgrave Macmillan UK

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Abstract

This chapter outlines recent features of UK banking including an evaluation of the regulatory reforms outlined in the Independent Commission on Banking (known as the Vickers Commission), of September 2011 and incorporated into the UK Financial Services (Banking Reform) Act of 2013. Other regulatory issues, such as the bank levy (a tax on bank debts introduced in 2011) and the surcharge on bank profits (introduced in the summer budget of 2015) are also covered. We then briefly compare these changes with EU and US legislation and consider UK views on the European Banking Union. We then analyse the changing industry structure, performance and the role of the new challenger banks. We then conclude.

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Fußnoten
1
Mark Carney (Governor of the Bank of England) chairs the Financial Stability Board in a personal (non-ex officio) capacity.
 
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Metadaten
Titel
Banking in the UK
verfasst von
Philip Molyneux
Copyright-Jahr
2016
DOI
https://doi.org/10.1057/978-1-137-52144-6_19