Banking regulation and the bank of England /
Material type:
- 1859780628
- 346.41 HAD 1996
Item type | Current library | Call number | Status | Barcode | |
---|---|---|---|---|---|
![]() |
CSHL Library | 346.41 HAD 1996 (Browse shelf(Opens below)) | Available | 000781 |
The last two decades have witnessed dramatic changes in the legal environment in which banks operate. Banking business was formally unregulated in the United State Kingdom up through the 1970s. Governmental control was ensured in practice through a combination of selective legal restrictions on certain banking activities and the Bank of England 's de facto control over the structure and operation of the banking markets.The bank pursued its poilicy objectives by use of " moral suasion'', but ultimately compliance with its will was guaranteed by its dominant financial position.
There are no comments on this title.