Title: The banks: rising from the ashes or still smouldering?

Authors: Clare Chambers

Addresses: UWE, Bristol Law School, Frenchay Campus, Coldharbour Lane, Bristol, BS16 1QY, UK

Abstract: The paper examines the banking system over the last two years, since the first signs of the economic crisis became apparent with the collapse of Northern Rock. The paper will be in four main parts. Part one will consider briefly the economic crisis being experienced in the UK from 2007 to present. It will examine the collapse of Northern Rock and the regulatory interplay and causal actions between the USA and the UK. The second part of the paper will consider the main regulatory documentations that have been published during the economic crisis. The third part of the paper considers the impact the economic crisis has had on the banks banking organisations within the UK. The paper looks at the following banking institutions: HBOS, Lloyds, and RBS in terms of the crisis. Finally, the paper will consider what the future could hold for the banking system once it has recovered from the economic crisis.

Keywords: banking crises; regulatory reactions; economic crises; UK; United Kingdom; banks; Northern Rock; financial crises; bank failures; government regulation; regulatory interplay; causal actions; USA; United States; regulatory documentation; policy documents; regulatory bodies; government departments; Financial Services Authority; FSA; Bank of England; Treasury; regulators; Royal Bank of Scotland; RBS; National Westminster Bank; NatWest; HBOS; Bank of Scotland; Halifax Building Society; Lloyds TSB; Trustee Savings Bank; Northern Rock; liability; scientific enquiry.

DOI: 10.1504/IJLSE.2011.041981

International Journal of Liability and Scientific Enquiry, 2011 Vol.4 No.2, pp.107 - 128

Received: 23 Jun 2009
Accepted: 01 Mar 2010
Published online: 29 Nov 2014 *

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