The crisis in UK banking

John Goddard, Phil Molyneux, John O. S. Wilson

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)


Unparalleled turmoil in the banking system over the past two years has impacted severely on the UK's economic prospects. What was once a profitable, fastgrowing, dynamic and highly innovative banking sector has been publicly humiliated, while its lending capacity has stalled. This article highlights the evolution of the credit crisis in the UK, as the fallout from American subprime lending and the housing market bubble spread rapidly across the Atlantic. Lessons from the crisis and policy recommendations are considered, focusing on rebuilding bank liquidity and capital, strengthening bank supervision and regulation, and improving risk evaluation and risk management practices throughout the banking and financial system.

Original languageEnglish
Pages (from-to)277-284
Number of pages8
JournalPublic Money & Management
Issue number5
Publication statusPublished - 2009


Dive into the research topics of 'The crisis in UK banking'. Together they form a unique fingerprint.

Cite this