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BCCI: THE LESSONS FOR BANK SUPERVISORS PART 1: DEFICIENCIES IN NATIONAL SUPERVISORY PRACTICES AND REGULATORY FRAMEWORKS

DR MAXIMILIAN J.B. HALL (GRADUATED WITH A FIRST CLASS HONOURS DECREE IX ECONOMICS FROM NOTTINGHAM UNIVERSITY IN 1975)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 February 1992

Abstract

This paper is published in two parts. The first, which is published here, starts by considering the background to UK banking supervision and examining the effectiveness of the Bank of England and BCCI's auditors in the supervision of BCCI. The author then assesses the suitability of the Banking Act 19.87 following which is a list of recommended reform measures. The first part of the paper concludes with a consideration of banking supervision in Luxembourg. Part two of the paper examines deficiencies in the international supervision of banking and will be published in the next issue of The International Journal of Regulatory Law and Practice, Volume 1 Number 3.

Citation

HALL, M.J.B. (1992), "BCCI: THE LESSONS FOR BANK SUPERVISORS PART 1: DEFICIENCIES IN NATIONAL SUPERVISORY PRACTICES AND REGULATORY FRAMEWORKS", Journal of Financial Regulation and Compliance, Vol. 1 No. 2, pp. 170-184. https://doi.org/10.1108/eb024765

Publisher

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MCB UP Ltd

Copyright © 1992, MCB UP Limited