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Observations on the UK Banking Industry

Author

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  • Cable, Vince

Abstract

The UK Secretary of State for Business, Innovation and Skills, Dr. Vince Cable, MP, speaks about the problems and issues of the UK banking industry. The lack of attention given to banking in economics is criticised. The excessive size and concentration of UK banking are pointed out. Solutions are being pondered. The secretary of state speaks about changes and the way forward in the UK banking sector, pointing out increased competition due to new challenger banks and institutions, government policy initiatives, and the re-creation of relationship banking via initiatives to create local, community banks.

Suggested Citation

  • Cable, Vince, 2014. "Observations on the UK Banking Industry," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 84-86.
    • Handle: RePEc:eee:finana:v:36:y:2014:i:c:p:84-86
    DOI: 10.1016/j.irfa.2014.11.011
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    More about this item

    Keywords

    Banking; banking systems; bank lending; industrial organisation;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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