UK Treasury

Britain bails out banks

The British authorities on Wednesday pledged to spend up to £50 billion ($86 billion) in taxpayer funds to recapitalise its beleaguered banking industry, shares in which have plummeted in recent days.

UK nationalises lender

The UK authorities have taken a second mortgage lender into public ownership after events triggered by the collapse of Lehman Brothers, an investment bank, sparked a withdrawal of deposits.

Paper on proposed changes to supervisory review

The UK Treasury has issued a discussion paper on proposed changes to the supervisory review process for mergers and acquisitions in the financial sector which considers the rationale for reform of the existing regime.

How safe are your reserves?

A case before the English courts has highlighted concerns over whether sovereign immunity applies to central bank reserves, writes Charles Proctor.

UK Treasury reviews cash ratio deposit scheme

Conclusions and recommendations of a UK Government review of the cash ratio deposit scheme for financial institutions. The key conclusions of the review are: The cash ratio deposit scheme continues to be a suitable method of funding Bank of England…