How post-2008 financial reforms quietly strengthened Britain’s banking giants
- Written by Donald Amuah, Lecturer in Accounting and Finance, University of South Wales
When the global financial crisis hit in 2008, banks around the world collapsed or came close to it. Governments were forced to step in with billions of pounds of public money to stop the system imploding.
In response, regulators promised change. In the UK, these reforms were reinforced by ring-fencing, which separated everyday retail banking from...
