This note outlines the events surrounding the difficulties encountered by the Northern Rock bank in summer and autumn of 2007. It sets out the background to the Northern Rock crisis, including information on the ‘credit crunch’ and on the tripartite arrangements for financial supervision.
Northern Rock & financial supervision (398 KB, PDF)
The note includes a timeline of the main events from the beginning of the difficulties in the financial markets on 9 August 2007 to Noirthern Rock bank passing into public ownership on 22 February 2008.
Northern Rock & financial supervision (398 KB, PDF)
The Financial Services Act 2021 was introduced in the House of Commons on 21 October 2020 and received Royal Assent on 29 April 2021. It is the first financial services primary legislation passed by the UK Parliament since the UK left the European single market, making reforms in 22 distinct areas.
This briefing discusses the circumstances in which corporates can commit crimes in England and Wales, setting out recent developments and proposals for reform.
Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.
