Banking Crisis High quality books
Banking Crisis
By:Great Britain. Parliament. House of Commons. Treasury Committee
Published on 2009 by The Stationery Office
This report examines the failure of the UK banks. The Committee begins by examining how the present position came about. After looking at the economic situation the report addresses the fate of those banks now partly or wholly owned by the Government, comparing their experiences with those of the building societies. This analysis identifies several key factors as triggering this crisis. First, the growth of risk and complexity, with a concomitant growth in profit, meant that too few people (including many of those in charge) had a clear idea of what was on the banks' books. Second, the banking sector became over-reliant on wholesale funding and discounted any possibility that the wholesale market would dry up; third, rapid growth in the sector was facilitated by increased leverage. The Committee praises the response of the Financial Services Compensation Scheme which had to cope with a dramatic surge in its workload to help compensate those savers in failing institutions. The package of measures the Government has taken to address the problems in the banking sector is then examined and the Committee offers its initial view on these measures. The Government's multi-billion pound stake in the banking sector is being managed by UK Financial Investments Limited (UKFI) and the next section looks at its early work. Finally the report looks at the future of the banking sector, to see if structurally steps can be taken to limit the possibility of another banking crisis.
This Book was ranked at 24 by Google Books for keyword Banking.
Book ID of Banking Crisis's Books is X7oKhGA3C9sC, Book which was written byGreat Britain. Parliament. House of Commons. Treasury Committeehave ETAG "wGLLA3IwETo"
Book which was published by The Stationery Office since 2009 have ISBNs, ISBN 13 Code is 9780215529909 and ISBN 10 Code is 0215529901
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "127 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is falseand in ePub is false
Book Preview
Comments
Post a Comment