scholarly journals An Assessment of the Independent Commission on Banking's Recommendations

2011 ◽  
Vol 218 ◽  
pp. F4-F12 ◽  
Author(s):  
Angus Armstrong
Keyword(s):  
Financial Stability ◽  
Banking Industry ◽  
Banking System ◽  
Retail Banking ◽  
Key Issues ◽  
The Government ◽  
Set Up ◽  
Litmus Test ◽  
The Uk ◽  
Independent Commission

The government set up the Independent Commission on Banking (ICB) to consider structural and non-structural measures to promote stability and competition in the UK banking system. They have produced a comprehensive assessment covering some of the key issues facing the banking industry. The ICB's three core recommendations are: a ring-fence to separate retail and wholesale banking activities; banks are required to have more lossabsorbing capital; and greater competition in retail banking markets. In some respects, the recommendations are a step back towards an earlier time of compartmentalised banking. The litmus test is whether they deliver a similar period of financial stability and economic growth.

Part IV Regulatory and Other Developments in the UK 2010‒2016, 14 Financial Services (Banking Reform) Act 2013

2018 ◽  
Author(s):  
Mccormick Roger ◽  
Stears Chris
Keyword(s):  
Financial Services ◽  
Small Businesses ◽  
Banking Sector ◽  
Banking Industry ◽  
Banking System ◽  
Structural Reform ◽  
Professional Standards ◽  
Banking Reform ◽  
The Uk ◽  
Independent Commission

This chapter charts the passage of the Financial Services (Banking Reform) Act 2013. The Banking Reform Act was enacted in December 2013 and comprises of 8 parts and 10 schedules. The Act was intended to deliver on the government’s plan to create a more robust, better regulated and managed banking system, that supports the economy, customers and small businesses. The Banking Reform Act implemented the recommendations of the Independent Commission on Banking (on banking-sector structural reform) and the key recommendations of the Parliamentary Commission on Banking Standards (on behaviour, culture, and professional standards within the banking industry). The Act amended the FSMA, the Insolvency Act 1986, and the Banking Act 2009. It also provided the legislative platform for an enhanced accountability regime within financial services.

Competition Between Neobanks and Online Banks in the French Retail Banking Market and Reactions From Universal Banks

2021 ◽  
pp. 191-216
Author(s):  
Jean Michel Rocchi
Keyword(s):  
Survival Analysis ◽  
Population Ecology ◽  
Banking System ◽  
Retail Banking ◽  
The Other ◽  
The Core ◽  
Banking Market ◽  
Set Up ◽  
Retail Banks ◽  
Market Strategies

This chapter will provide an analysis of market moves, and innovation sources, from newcomers and incumbent players, based on core and periphery networks theory; and additional survival analysis and VSR model, based on organizational population ecology. The French market neobanks, which are a subpart of fintech, are dominantly set up by entrepreneurs. On the contrary, online banks usually have universal banks as shareholders. Does this difference matter regarding market strategies? Is innovation coming only from peripheral actors like online banks and moreover neobanks, or do large retail banks at the heart of the banking system try to integrate or promote it? The author will discuss these topics to conclude with mixed evidence. Hence, if neobanks, on one hand, tend to converge towards the core; universal banks, on the other hand, are growingly accepting peripheral actors.

Part I Financial Markets, 3 UK Central Banking and Financial Stability

2021 ◽  
Author(s):  
Morton Guy ◽  
Marsh Andrew
Keyword(s):  
Central Bank ◽  
Financial Stability ◽  
Central Banking ◽  
Debt Management ◽  
National Debt ◽  
Legal Tender ◽  
Bank Of England ◽  
The Government ◽  
The Uk ◽  
William Iii

This chapter talks about the Bank of England as the UK's central bank, which was established in 1694 by a Charter granted by King William III and Queen Mary II under the authority of an Act of Parliament. It explains the principal object of the Act in creating the Bank as a vehicle for raising money for the government. It also discusses how the Bank was closely associated with the raising and management of the national debt since its inception, which is a function that the Bank retained until the creation of the UK Debt Management Office (DMO) in 1998. This chapter highlights how the Bank raised money by issuing of banknotes, which became widely used as a convenient means of making large—value payments. It points out that the Bank of England notes were not formally legal tender until 1833.

Counter-radicalization, public health, and racism: A case analysis of Prevent

2021 ◽  
pp. 203-216
Author(s):  
Tarek Younis
Keyword(s):  
Public Health ◽  
Mental Health ◽  
Mental Health Professionals ◽  
Far Right ◽  
Public Consciousness ◽  
Key Issues ◽  
Colour Blindness ◽  
The Government ◽  
The Uk ◽  
Psychological Risk

The threat of terrorism is well documented to be associated with Muslims and Islam in British public consciousness. This chapter will emphasize the sociopolitical context underlying public health strategies seeking to address radicalization and extremism, especially given the UK government’s recent pivoting of its ‘Prevent’ policy within mental health services. Drawing upon two years of empirical fieldwork exploring the impact of the Prevent duty in the National Health Service, this chapter will outline several key issues with counter-radicalization policies enacted within health settings. Firstly, I found that mental health professionals—especially Muslims—self-censored their critical thoughts of Prevent, largely as a result of the political and moral subscript underlying counterterrorism: the ‘good’ position was to accept their counterterrorism duty, and the ‘bad’ position was to reject it. Secondly, Prevent significantly emphasizes reliance on ‘trusting one’s gut’ given the elusive framework of psychological risk factors it outlines during training. In turn, the government engages in what I call performative colour blindness: the active recognition and erasure of a common sense that associates racialized Muslims with the threat of terrorism. Colour blindness, however, is known to be integral for the maintenance of institutionally racist practices in contemporary times. This chapter ends by highlighting two understated issues of racism in contemporary public health approaches to counter-radicalization: the reinvigorated impulse to ‘tackle’ the far-right and the question of coercion and accountability.

A study on trust restoration efforts in the UK retail banking industry

2020 ◽  
Vol 52 (1) ◽  
pp. 100871
Author(s):  
Shakeel Ahmed ◽  
Kenbata Bangassa ◽  
Saeed Akbar
Keyword(s):  
Banking Industry ◽  
Retail Banking ◽  
The Uk

scholarly journals Paradigm Shift from Conventional to Islamic Banking System: A Case of the Conversion of Taqwa Islamic Banking in Pakistan

2018 ◽  
Vol III (I) ◽  
pp. 321-332
Author(s):  
Muhammad Mushtaq Ahmed ◽  
Javed Khan ◽  
Fazl e Haq
Keyword(s):  
Paradigm Shift ◽  
Banking Industry ◽  
Banking System ◽  
Islamic Banking ◽  
Conventional Model ◽  
Clear View ◽  
System A ◽  
Regulatory Guidelines ◽  
Previous Decade ◽  
Set Up

The paradigm shift in banking industry from conventional to Islamic system of banking has been evident in previous decade. Conventional institutions are also either setting-up Islamic subsidiaries or converting conventional set-up into Islamic. The bank of Punjab started Taqwa Islamic Banking-(TIB) by converting its 1st branch into Islamic banking in 2012. In 2014, the bank completed one of the largest conversion project by converting 24 conventional into Islamic banking. In this paper, the regulatory guidelines of SBP in respect to conversion is discussed and procedure adopted by the bank of Punjab-TIB- is studied and analyzed. Practical complications and key problems faced by BOP-TIB and its possible solution is also presented. The study will provide a clear view of the conversion and the method adopted by BOPTIB. The study will further guide institutions intends to adopt conversion of its business from conventional model into Islamic model.

scholarly journals Drivers’ Growth of Islamic Banking Industry: Lesson from Malaysia

2014 ◽  
Vol 1 (4) ◽  
pp. 122-128
Author(s):  
Yagoub Elryah
Keyword(s):  
Financial Services ◽  
Financial Stability ◽  
Banking Industry ◽  
Foreign Banks ◽  
Islamic Banking ◽  
Master Plan ◽  
Policy Makers ◽  
Innovative Products ◽  
The Government

Numerous studies focus on the Islamic banking performance, banks’ growth. There are, however, very little is known about the drivers’ growth of Islamic banking. The paper attempted to fill this gap. To achieve the objectives of the study, we consider government financial strategies for Islamic banking in Malaysia (Master Plan financial services 2000-2010 and Blueprint financial sector plan 2011-2020) and interviews the policy makers and regulators from BNM and selected banks. In this context, we explored the drivers’ growth Islamic banking industry in Malaysia for the period 2002-2012. The findings of the study revealed that the government strategies, high skilled banker’s human resources, financial stability, foreign banks, innovative products, awareness of the customers and quality of the financial and regulatory reforms were main drivers’ growth of Islamic banking in Malaysia. DOI: http://dx.doi.org/10.3126/ijssm.v1i4.10626 Int. J. Soc. Sci. Manage. Vol-1, issue-4: 122-128 

KAJIAN HUKUM MENGENAI PERANAN LPS DALAM PENJAMINAN DANA NASABAH PADA PERBANKAN DI INDONESIA

2017 ◽  
Vol 3 (2) ◽  
pp. 46
Author(s):  
Erna Susanti
Keyword(s):  
Economic Growth ◽  
Deposit Insurance ◽  
Banking Industry ◽  
Banking System ◽  
Equal Protection ◽  
Investment Strategies ◽  
Public Funds ◽  
Safety And Health ◽  
Effective System ◽  
The Government

Undang-undang Nomor 10 Tahun 1998 tentang Pemerintah Daerah mandates the establishment of a LPS (Deposit Insurance Agency) as the executor of the guarantee of public funds. one approach is needed separately to build a healthy banking system and strong is to give customers assurance that eksplisif for storage. LPS can function regulate safety and health of banks in general and conduct oversight by monitoring the balance, the practice of lending and investment strategies. In establishing a permanent guarantor institutions needed reform measures of the banking system as a prerequisite for effective system. Two basic reasons for the government to facilitate the establishment of LPS is the belief in the banking industry is very important for economic growth and the banking system is well controlled to minimize the occurrence of bank insolvency, and bankruptcy itself can be predicted and is an event that can be prevented. Also crucial is also a consideration equal protection of small customers from bankers who are not responsible is an approach that is fair and appropriate. In such conditions the bank can operate in a consistent and reliable to provide credit in the amount sufficient for the health of the economy.

Consumer Power Subsidies

2016 ◽  
pp. 145-176
Author(s):  
Shyamasis Das
Keyword(s):  
Financial Stability ◽  
State Governments ◽  
Domino Effect ◽  
Current Crisis ◽  
Regulatory Oversight ◽  
Energy Pricing ◽  
Vested Interests ◽  
Key Issues ◽  
The Government ◽  
Political Economic

Energy pricing in India usually hinges on political, economic or social considerations of the government. Consumer power tariff, a State subject in the country, is no exception to that. However, continued subsidising of power has led to mounting losses of discoms, mostly State-owned, sometimes to a level of insolvency. This has taken a serious toll on financial stability of distribution sector, triggering a cross-sector domino effect. This has happened in spite of regulatory oversight. This study has brought forth some compelling analyses which affirm that current crisis is the outcome of vested interests of some actors and apathy of the administration. It is seen that power tariffs have been skewed disregarding tariff guidelines, whereby liabilities of the State governments to compensate the discoms through payment of subsidies are limited. This study uncovers effective consumer power subsidy across the States, and offers insights into the consequences. This study also identifies key issues plaguing the sector, followed by a brainstorming on possible corrective action-points.

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