Qualified advisers answering your
Financial Questions
call 0800 092 1245

The UK economic collapse : lesson one

There are many factors which have affected the UK economy over the last 18 months but one of the major impacts has come from the regulatory operations within the UK. For many years a number of analysts have been suggesting that the UK system was to "lax" as the so-called "self-regulatory" system allows UK financial businesses to have far too much influence on the ongoing regulatory framework.

The FSA and the Bank of England to name but two have both supported suggestions that their risk analysis systems were not up to the challenge of the current markets and neither operation saw the potentially enormous impact from the US credit crunch and other issues. While it has to be said that the credit crunch and the ongoing economic downturn around the world are literally a once in a century occurrence there will need to be an early alarm system put in place for the future.

It seems almost inevitable that we will see a tightening of the regulatory framework within the UK with less emphasis on "self-regulation" and more focus on a financial police force type approach. However, this will involve a major reorganisation of the UK regulatory system which will again see taxpayers ultimately covering the cost.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details