Brief explain the development of the UK banking sector from the late 17th century
until the global financial crisis.
• What are the key economic functions performed by banks?
• In what ways are banks different from other large corporations?
• What is a bank according to English law and a credit institution according to EU law?
• What are the main different types of banks, and why do such distinctions matter?
• What are the main rationales for regulating banks?
• Explain the difference between prudential regulation and conduct of business regulation.
