La supervision du secteur financier britannique : les leçons de la crise de 2007-2008 et le pari risqué du Brexit pour la City

The British banking system was badly shaken by the 2007-2008 financial crisis which resulted in a severe contraction of real GDP after a certain period of time. To prevent the collapse of the financial system, the Bank of England and the British Government had to take vigorous action and organize a bailout plan to restore confidence in the banking system, which led to ballooning public debt. Confronted with the growing exasperation of public opinion, it was no longer politically acceptable for the Government that British banks could be supervised with the light touch regulation from which they had benefited since the 1990s. This paved the way to a major overhaul of the regulation and supervision of British banks. However, despite the fact that the measures taken by the regulators are sometimes more restrictive in the UK than in the Eurozone, relations between the UK, the EU and the City have become more complicated