Here is the synopsis of our sample research paper on The UK Financial System. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 16 page paper examined the structure and operation of the UK financial system, looking at the tripartite roles of the treasury, the Bank of England and the Financial Services Authority to be replaced in part by the Financial Conduct Authority. The different roles of each body are assessed and the overall effectiveness is discussed. The bibliography cites 21 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEUKfinsys.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
Regulatory Authority 16 2.4.3 Financial Conduct Authority 16 3. Discussion 17 References 21
1. Introduction The financial system in the UK has come under scrutiny on many occasions. As financial markets and economies develop and the financial environment becomes
more complex the overlaying financial system needs to adapt and change to cope with the new challenges. In 2008, with the financial crisis starting with the credit crunch, weaknesses of
many different counties financial systems were brought to the fore. However, when looking at previous events leading up to 2008 the crisis should not have been such as surprise.
For example the nationalization of the building society Northern Roc, required as a result of their short term cash flow problems in or to prevent it from failing(King, 2007, p5-6,
HCTC, 2008, p1). This was followed by the need for intervention with another building society; Bradford and Bingley which faced similar problems (Singh, 2011, p876). Other casualties were to
follow, one of the best known being the Halifax Bank of Scotland which was eventually absorbed by Lloyds TSB to safeguard the bank, allowed as a result of the government
relaxing competition rules that would otherwise have prevented the merger/acquisition (Menon and Cronley, 2009). The spectacular failure do the Royal Bank of Scotland was not only a well published failure,
it was also a case that was widely used to criticise the way in which the financial system in the UK was being regulated (Treanor and Bowers, 2011). One
of the reactions to the crisis was a re-evaluation of the UKs financial system and an assessment of its operation in order to identify how and why it failed in
...