Banks are strictly regulated in almost every country in the world, not because we fear monopoly powers, but because we entrust our savings to them, and we want to know they handle our money
safely. Hall (economics, Loughborough U., UK) reviews the major events in the history of banking supervision in the UK, and explains how regulation works, both nationally and internationally.
He examines recent issues in England, such as the collapse of BCCI and Barings, the creation of the Financial Services Authority, and how the implementation of the European Commission’s Single
Market program for financial services has affected the UK. Annotation c. Book News, Inc., Portland, OR (booknews.com)
