What is it about?
Critical developments and events leading to the collapse of Northern Rock - as well as realization of need to address gaps in the tripartite arrangement between the FSA, Bank of England and the Treasury.
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Why is it important?
It highlights the importance of effective timely coordination between regulators as well as the need for a change to the structure of regulation - in response to previously unknown regulatory and global developments.
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This page is a summary of: Central Bank’s Role and Involvement in Bank Regulation: Lender of Last Resort Arrangements and the Special Resolution Regime (SRR), SSRN Electronic Journal, Social Science Electronic Publishing,
DOI: 10.2139/ssrn.1420812.
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