CONTENTS
Terms of Reference
Abstract
Chapter 1: Introduction
The financial crisis of 2007-2008
Financial supervision and regulation in the
United Kingdom
Scope
Chapter 2: The History and Causes of the
Financial Crisis
Chapter 3: Complexity in Financial Services
Reasons for Increased Complexity in Financial
Services
Consequences of Financial Sector Complexity
Chapter 4: Bank capital regulation
Rationale for Capital Regulation
Capital Regulations
Models in Capital Regulation
Operational risk
The Trading Book
Pro-cyclicality
Liquidity Regulation
Chapter 5: Financial Supervision in the United
Kingdom
The Tripartite System: Communication and
Coordination
Macro-prudential supervision
Conduct-of-business and micro-prudential
supervision
Division of supervisory responsibilities
in the United Kingdom
International Supervision
Deposit Insurance
Chapter 6: Ratings Agencies
Growing Importance of Ratings
Rating Agency Business Models
Ratings and Regulations
Ratings Process
Chapter 7: Bank Governance
Remuneration of Bankers
Government shareholdings in banks
Chapter 8: Auditors
Audit-Generated Information in Regulation
and Supervision
Mark-to-market accounting
Chapter 9: Insolvency Regimes
Chapter 10: Financial Institutio Scale and
Scope
Chapter 11: Conclusions and Recommendations
Appendix 1: Economic Affairs Committee
Appendix 2: List of Witnesses
Appendix 3: Call for Evidence
Appendix 4: Glossary
Oral and Written Evidence
20 January 2009
27 January 2009
10 February 2009
24 February 2009
3 March 2009
10 March 2009
17 March 2009
24 March 2009
31 March 2009
21 April 2009
Written Evidence
NOTE: References in the text of the report are as
follows:
(Q) refers to a question in oral evidence
(p) refers to a page of written evidence
The Report of the Committee is published in Volume
I, HL Paper No 101-I
The Evidence of the Committee is published in Volume
II, HL Paper No 101-II
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