In recent years, the UK has witnessed bank ‘failures’, mis-selling of financial products and various scandals involving the fixing of LIBOR and foreign exchange rates. Has recent legislation, institutional changes at the Bank of England and regulatory changes ensured that events such as a credit crunch, bank runs, mis-selling practices and fraud will not re-occur in the UK banking and financial sector? Required Summarise recent bank problems and critically reflect on the above question. Additionally, discuss any outstanding questions or issues that require to be resolved within the sector. Chartered
