Though size can be important, it is the resilience of a banking system that is key for financial stability, notes a Bank of England report. In a report co-authored by Oliver Bush of Bank of England titled: “Why is the UK banking system so big and is that a problem?”, the authors discuss whether banking system size is a robust leading indicator of a crisis. UK Banks’ total assets constitute 450% of nominal GDP The Bank of England report notes the UK banking system is large relative to most other major economies. The report highlights three key features of the…
Why Is The UK Banking System So big And Is That A Problem?
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports