Treasury - Fourteenth Report
Banking Crisis: regulation and supervision

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Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 21 July 2009.

Contents

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Terms of Reference

Summary

1  Introduction

2  The FSA's regulation of banking

Northern Rock—a catalyst for change

The regulatory philosophy of the FSA

Fit and proper persons

Danger of regulatory badging

3  Systemically significant banks

Introduction

Bank size

Narrow banks

Complex banks

Regulating complexity

Product regulation

Off-balance sheet vehicles

Bank resolution

4  Macroprudential supervision

Introduction

The Basel capital rules

Higher bank capital

Counter-cyclical capital requirements

Introduction

Rules or discretion?

Calling the cycle

Conclusions

Liquidity regulation

Loan-to-value ratios

5  Reform to the institutional framework of financial stability

The case for change

The Bank of England—responsibility without power?

Council for Financial Stability

The Government White Paper and co-operation between the Tripartite bodies

6  International dimensions

Global initiatives

Europe

Regulating cross-border firms

The future of the City of London

7  The way forward

Generating ideas and maintaining momentum

The role of the Treasury Committee

Conclusions and recommendations

Formal minutes

Witnesses

List of written evidence

Reports from the Treasury Committee during the current Parliament

Oral and Written Evidence
23 June 2009
24 June 2009
8 July 2009
Written Evidence

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Prepared 31 July 2009