Overview
- Uses archival records from the Bank of England Archive, the Conservative Party Archive, Lloyds Banking Group Archive, London Metropolitan Archives and the National Archive, among others
- Explores the rationale and consequences of clearing bank regulation in its economic context
- Examines the ‘Big Five’ banks, Barclays, Lloyds, Midland, National Provincial and Westminster
Part of the book series: Palgrave Studies in Economic History (PEHS)
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About this book
This book explores the way in which banks were regulated in the UK in the period from 1946 until 1971. It focuses upon a group of 11 banks known as the London clearing banks. These banks included the ‘Big Five’ – Barclays, Lloyds, Midland, National Provincial and Westminster – and were the equivalent to today’s retail banks.
The time period in question is an intriguing one in the history of banking and bank regulation in that the banking system was very stable, but the regulatory framework was less dependent upon codified forms of regulation than it is today. Having explored the nature of clearing bank regulation, Arch goes on to consider the rationale behind it, as well as its consequences. She concludes by reflecting upon the nature of bank regulation since the global financial crisis. This title is essential reading for academics with an interest in banking history and bank regulation, for practicing bank regulators and for regulatory policymakers.
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Keywords
- British Economic History
- History of Finance
- London Clearing Banks
- Economic Regulation
- Post-war Economics
- Secondary Banking Crisis
- Codified Regulation
- Financial Repression
- Cash Ratio
- Liquidity Ratio
- Special Deposits Scheme
- Moral Suasion
- Balance of Payments
- The International Monetary Fund
- Competition Control
- Credit Control
- Informal Regulation
- Bank regulation
- banking
Table of contents (5 chapters)
Authors and Affiliations
About the author
Linda Arch is Lecturer in Finance at the ICMA Centre at Henley Business School, University of Reading, UK. She previously worked as a chartered management accountant and is Fellow of the Chartered Institute of Management Accountants, UK.
Bibliographic Information
Book Title: The Regulation of the London Clearing Banks, 1946–1971
Book Subtitle: Stability and Compliance
Authors: Linda Arch
Series Title: Palgrave Studies in Economic History
DOI: https://doi.org/10.1007/978-3-030-00910-6
Publisher: Palgrave Pivot Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
Hardcover ISBN: 978-3-030-00909-0Published: 14 November 2018
eBook ISBN: 978-3-030-00910-6Published: 02 November 2018
Series ISSN: 2662-6497
Series E-ISSN: 2662-6500
Edition Number: 1
Number of Pages: XVII, 126
Number of Illustrations: 15 b/w illustrations
Topics: Economic History, Financial History, Banking, Macroeconomics/Monetary Economics//Financial Economics, Public Administration