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The Prudential Supervision of Banks

In: The Management and Regulation of Banks

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  • John Cooper

Abstract

The present arrangements for the prudential supervision and regulation of British banks stem directly from the Banking Act 1979. This, in turn, was a response to growing pressures throughout the late 1970s for a more formal system of prudential regulation than had existed up to that time. As we saw in Chapter 1, these pressures sprang from two sets of factors: first, factors of philosophy or policy and secondly, the course of practical events which threw the requirements of philosophy and politics into sharper focus. The events included the secondary banking crisis of 1973–5, the uncertainties, and losses incurred, in the foreign exchange markets following the free floating of exchange rates in 1973 and the problems of recycling oil money internationally following the major increase in the price of oil in 1973.

Suggested Citation

  • John Cooper, 1984. "The Prudential Supervision of Banks," Palgrave Macmillan Books, in: The Management and Regulation of Banks, chapter 5, pages 245-295, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06527-1_5
    DOI: 10.1007/978-1-349-06527-1_5
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