22nd January 2016

BBA Briefing – Reforms since the Financial Crisis

The banking industry has undergone a number of major reforms since the financial crisis. Over 80 pieces of legislation have been passed to make the financial system more stable and secure. Banks have substantially increased the amount of capital they hold to ensure that the taxpayer never again has to bail out a bank. In addition, changes to remuneration mean that risk is much more closely aligned with reward. These reforms, alongside a new regulatory regime both in the UK and Europe, are key steps in restoring public trust and confidence in the banking sector.

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