Purpose – The paper's aim is to report and comment on two preliminary issues that arose from claims being pursued by the Financial Services Compensation Scheme (FSCS) against Abbey National Treasury Services (ANTS) and NDF Administration Ltd (NDF). Design/methodology/approach – The paper...

Purpose – The paper's aim is to outline and comment on the Court of Appeal case: Secretary of State for Business Enterprise and Regulatory Reform v. Aaron and Others, October 2008. Design/methodology/approach – The paper outlines the facts surrounding the case and comments on the ruling....

Purpose – The purpose of this paper is to investigate the underlying causes of the series of banking disasters that unfolded from July 2007 onwards and to suggest what action should be taken to avoid a repetition. Design/methodology/approach – The practices and culture that have evolved in...

Purpose – The purpose of this paper is to analyse the regulatory and other responses to the recent credit crisis with particular emphasis upon likely regulatory reform. Design/methodology/approach – The paper is based upon an analysis of recent papers, speeches and articles to draw together...

Purpose – A misplaced reliance on value at risk (VaR) has been focused on in the media as one of the main reasons for the current financial crisis, and the recently published Turner Review by the UK Financial Services Authority concurs. The purpose of this paper is to present an introductory...

Purpose – The purpose of this paper is to report and comment on Northern Rock shareholders' challenge to basis of compensation in nationalisation considered in the High Court and Court of Appeal. Design/methodology/approach – The paper outlines the facts surrounding the case and comments on...

Purpose – The purpose of this paper is to provide an account of the financial crisis in Western Europe, primarily from a country-level and banking sector perspective, from 2007 to the spring of 2009. It aims to detail measures enacted by governments and central banks to deal with impaired bank...

Purpose – The purpose of the paper is to explain how UK bank failure resolution policy has evolved since the nationalisation of Northern Rock in February 2008 in the light of the fallout from the sub-prime crisis and the subsequent credit crunch. Design/methodology/approach – The evolution...