The Banking Act 1979 (c 37) is (or was) an
Act of the
Parliament of the United Kingdom enacted in the wake of the
Secondary banking crisis of 1973–1975
The secondary banking crisis of 1973–1975 was a dramatic crash in British property prices that caused dozens of small ("secondary") lending banks to be threatened with bankruptcy.
Crisis
The secondary banks, like the larger institutions, had b ...
to extend the Bank of England's regulatory powers over lenders (banks) and to provide protections for their depositors.
See also
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UK banking law
United Kingdom banking law refers to banking law in the United Kingdom, to control the activities of banks.
History
The Bank of England was originally established as a corporation with private shareholders under the Bank of England Act 1694, to r ...
*
UK public service law
References
United Kingdom Acts of Parliament 1979
Banking legislation in the United Kingdom
1979 in economics
Bank of England
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