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- Title
Summer in the City: Banking Failures of 1974 and the Development of International Banking Supervision*.
- Authors
Schenk, Catherine R.
- Abstract
The article focuses on the development and history of international baking supervision. The author explains that banks and regulators created baking supervision as a response to banking scandals that took place in Great Britain during the summer of 1974, including the collapse of the Bankhaus Herstatt, the failure of the Israel-British Bank, and the Lloyds Lugano trading scandal. The Basel Committee on Baking Supervision and the internationalisation of banks are also discussed.
- Subjects
INTERNATIONAL banking industry; BANK failures; BANKING industry -- State supervision; SECURITIES trading; FINANCIAL globalization; BASLER Ausschuss fur Bankenaufsicht; BANKHAUS I.D. Herstatt KGaA; LLOYDS Banking Group PLC; TWENTIETH century; CORRUPTION; HISTORY
- Publication
English Historical Review, 2014, Vol 129, Issue 540, p1129
- ISSN
0013-8266
- Publication type
Case Study
- DOI
10.1093/ehr/ceu261