Post-2008 Financial Crisis: Key Laws & Regulations in the UK

This essay examines the key laws, regulations, and contracts enacted by the UK and other major financial players in response to the 2008 financial crisis. It highlights the causes of the crisis, including the collapse of the US housing bubble due to factors like interest rates, insufficient regulations, and subprime mortgages. The essay emphasizes the importance of new legislation, such as the Dodd-Frank Act and the Financial Services Act 2013, to eliminate deregulation and enhance financial stability. It also touches upon interest rate management, quantitative easing, and bank lending channels aimed at improving liquidity within the banking system. The document concludes by referencing books, journals, and online resources that further explore the impact and effectiveness of these post-crisis monetary policies.

Financial Crisis

TABLE OF CONTENTS
Introduction
 The key laws, regulations and contracts that were enacted post the 2008 financial crises
by the uk and other key players in the financial system to end the financial crises
 References

INTRODUCTION
 Financial crises is concerned with having the panic situation in which banks run during the investors
tend to withdraw the money in turn adverse impact on the financial system.
 It is important to give emphasis on the cause of the financial crises of 2008 that has happened h due to
the collapse of US housing bubble.
 There was collapse of housing market fueled by the number of reasons which includes interest rate,
insufficient regulations, easy credit, toxic subprime mortgage.
 This has largely affected the working of the financial sector in the negative manner.
 This has led to the global imbalance and mainly affected the working of the people as their financial
stability get affected due to the improper flow of money in market.

THE KEY LAWS, REGULATIONS AND CONTRACTS THAT WERE
ENACTED POST THE 2008 FINANCIAL CRISES BY THE UK AND OTHER
KEY PLAYERS IN THE FINANCIAL SYSTEM TO END THE FINANCIAL
CRISES
 Financial crises 2008 is one of the adverse situation that has negatively affected the working procedure
in globe.
 There are various aspects of financial system that influenced due to irrelevant functioning pattern in 2008
that has negatively influenced the economy of UK.
 For overcoming this situation, it was important for the company to pay attention on having reliable
actions so that better working scenarios can be achieved.
 For this objective, UK has paid attention on developing certain laws so that reliable influence in desirable
manner to uplift economy can be exerted.
 The reason behind implementing the new legislation and contract is to eliminate deregulation in the
financial industry.

CONTINUED..
Dodd Frank Act
Interest rate
management and
quantitative easing
comprehensive bank
resolution regime
Financial services
Act 2013
Portfolio switch
Bank lending
channels for
inclining the supply
the liquidity of the
banking system
portfolio re
balancing channel

REFERENCES
Books and Journals
 Ismail, N., 2020. Rolling back the prison estate: the pervasive impact of macroeconomic austerity on
prisoner health in England. Journal of public health. 42(3). pp.625-632.
 Notteboom, T., Pallis, T. and Rodrigue, J.P., 2021. Disruptions and resilience in global container shipping
and ports: the COVID-19 pandemic versus the 2008–2009 financial crisis. Maritime Economics &
Logistics. 23(2). pp.179-210.
Online
 The effectiveness and impact of post-2008 UK monetary policy. 2022. [Online]. Available through:
<https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files/iipp-pb-03-qe-16-08-2018.pdf>