Risk Management in the UK banking industry
The world is slowly recovering from the devastating effects of the global financial crisis, bailing out of banks has been the key recovery plan for most of the economies. The taxpayers cost to bail out the UK banks had hit 850 billion pounds by December 2009 and watchdog on the Britains expenditure have experienced their concern that the eventual figures might not be easily computable (Dent, et al 2009).
This unRisk Management in the UK banking industry
derlines the significance of proper scrutiny of the environment under which the UK banks operates. The questions on possibility of such a crisis affecting our local banks and the economy in future continue to be the subject in the minds of many taxpayers. The Independent National Audit Office (NAO) has supported the use of public funds in bailing out the shaken banking industry though the question of loaning individual businesses remain a heated debate.