Limiting regulation in the banking sector

"Central Banking in a Free Society" (PDF)

Author: Tim Congdon

Publication date: 26 March 2009

The author who is a respected economist argues that Gordon Brown's dismemberment of the Bank of England in 1997 resulted in a failure of the Bank to respond effectively during the Northern Rock affair. The report suggests that regulation of the finance industry should be kept to the minimum necessary to maintain the stability of the banking system and warns against the perils of over-regulating.