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Bank Regulatory Structure: The United Kingdom

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Report Type Reports and Testimonies
Report Date Dec. 29, 1994
Report No. GGD-95-38
Subject
Summary:

Proposals to consolidate U.S. banking regulatory agencies have raised questions about how other nations structure and carry out their various bank regulation and supervision and central bank activities. This report provides information about such activities in the United Kingdom, which provides an example of a bank regulatory structure dominated by its central bank. GAO describes (1) the U.K. bank regulatory and supervisory structure and its key participants; (2) how that structure functions, particularly with respect to bank authorization, regulation, and supervision; and (3) how banks are examined.

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