Bank Regulation Today

Part of the Palgrave Studies in Economic History book series (PEHS)


Having reviewed the approach to bank regulation taken in the period from 1946 to the early 1970s, this chapter reflects upon the nature of bank regulation and supervision since the global financial crisis. The response to the crisis has tended to be technocratic, reflecting a preference—which began to emerge in the 1970s—for codified, detailed and often highly technical rules, evident, for example, in the revised requirements for bank capital. These rules have emanated from national legislation, EU directives and regulations, and Basel III, and have been accompanied by the further development of complex regulatory and supervisory structures. This raises the question as to whether the very strong focus on codified rules has been at the expense of regulation in other forms.


Basel III Capital Requirements Directive IV package Legitimacy Codified regulation Global financial crisis Deposit insurance 


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.University of ReadingReadingUK

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