UK Banks and the Lessons of the Great Financial Crisis

This book demonstrates the variation in the reaction of the UK's 'big four' banks RBS, Lloyds, Barclays and HSBC to the Great Financial Crisis 2008. Over a decade on from the financial crisis, this book asks: have banks in the UK learned lessons from the crisis? Bank learning in the UK after the Great Financial Crisis is something we need to know more about. Whether banks are now safer and more likely to aid rather than disrupt the economy are important questions of social relevance. Through a documentary analysis of Britain's 'big four' banks in the post-crisis decade (20082018), this book demonstrates that while some institutions have become more risk averse and display positive signs of learning, others have shown little evidence of change. The book uses notions of agency, path dependency and structural competitive pressures to explain these inter-bank variations of behaviour. This book contributes to wider post-crash structural debates about growth, markets, and regulatory reform, showing how the agency of banks has played a vital role in driving the reform process.

Demonstrates the variation in reaction of banks to the Great Financial Crisis 2008, taking into account agency, institutional path dependency, and structural competitive pressures Contributes to wider post-crash structural debates about growth, markets, and regulatory reform Shows how the agency of the 'big four' banks has played a vital role in driving the reform process post-crisis Offers the first comprehensive analysis of how Britain's 'big four' banks have responded to the structural and institutional weaknesses highlighted by the Great Financial Crisis 2008 Contains original and up-to-date empirical material on each of the 'big-four' UK banks spanning the post-crash decade (2008 2018) Accounts for the agency of banks and bankers in shaping the proximate environment as regulatory stakeholders

Auteur

Adam Barber is Senior Research Associate at the Future Economies Research Centre at Manchester Metropolitan University, UK. He completed his Ph.D. research at the Sheffield Political Economy Research Institute (SPERI) at the University of Sheffield, UK. His work focuses upon banking reform and financial governance since the Great Financial Crisis of 2008 and sits at the intersection international political economy, EU studies, and British politics. Adam's research examines the financial crisis, the role of British banks in the global economy, the reform process post-crisis, and the strategic positioning of the City of London after Brexit. Adam is the author of a large number of research reports and policy papers. His research has been covered extensively in the media including: The Financial Times; The Guardian; BBC; Al Jazeera America amongst others. He blogs regularly at SPERI Comment, Open Democracy, and the LSE British Politics and Policy Blog.

Texte du rabat

This book demonstrates the variation in the reaction of the UK s big four banks RBS, Lloyds, Barclays and HSBC to the Great Financial Crisis 2008. Over a decade on from the financial crisis, this book asks: have banks in the UK learned lessons from the crisis? Bank learning in the UK after the Great Financial Crisis is something we need to know more about. Whether banks are now safer and more likely to aid rather than disrupt the economy are important questions of social relevance. Through a documentary analysis of Britain s big four banks in the post-crisis decade (2008 2018), this book demonstrates that while some institutions have become more risk averse and display positive signs of learning, others have shown little evidence of change. The book uses notions of agency, path dependency and structural competitive pressures to explain these inter-bank variations of behaviour. This book contributes to wider post-crash structural debates about growth, markets, and regulatory reform, showing how the agency of banks has played a vital role in driving the reform process.

Contenu
Introduction.- 1.How do Banks Learn?.- 2.The Great Financial Crisis.- 3.RBS: Learning to Fail and Failing to Learn.- 4.Lloyds: To the Brink and Back.- 5.Barclays: Lessons Lost?.- 6.SBC: Learning Without Change?.- Conclusion.