Abstract
The purpose of this chapter is to outline the main functions of a central bank, examine the operations of the Bank of England and discuss banking regulation in the United Kingdom. The first part of this chapter deals with the main functions of a central bank and also considers the history and organisational set-up of the Bank of England. Many authors have provided excellent descriptions of these functions and organisational features and subsequently the format of the first part of this chapter borrows heavily from Goacher (1986) and to a lesser extent Struthers and Speight (1986). The second part of this chapter looks at why banks are regulated, the scope and tools of bank supervision and recent developments in UK and international bank supervision.
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References and further reading
Committee on Bank Regulations and Supervisory Practices (CBRSP) (1988) International Convergence of Capital Measurement and Capital Standards, July (Basle: Bank for International Settlements).
Gardener, E.P.M. and Molyneux, P. (1988) Structure and Regulation of UK Financial Markets, IEF Research Papers in Banking and Finance no. 6 (Bangor: UCNW).
Goacher, David J. (1986) An Introduction to Monetary Economics (London: Financial Training Ltd).
Struthers, J. and Speight, H. (1986) Money, Institutions, Theory and Policy (London: Longman).
Copyright information
© 1990 Philip Molyneux
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Molyneux, P. (1990). The Central Bank and Bank Regulation. In: Banking. Palgrave, London. https://doi.org/10.1007/978-1-349-21153-1_8
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DOI: https://doi.org/10.1007/978-1-349-21153-1_8
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54120-3
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