If, like my school, you haven’t entered students for Unit 3 in January but are teaching both A2 units side-by-side for June examination, you might be looking for examples of competition policy and regulation to offer your students in the coming weeks. The report of the Independent Commission on Banking and the focus on regulation at last week’s Davos meeting are very well timed; this report filed today by Tim Weber of the BBC gives a neat summary of the time leading up to Lehman’s collapse, and offers a rather chilling conclusion from informal dinner-table discussions with the world’s top bankers that it is unlikely that regulators can, in practice, untangle the systemic risks in the financial system that make it imperative for government’s to step in and support failing banks.

If you would like to follow this up as an example with students, you might try some of the following links. There are numerous articles assessing the report of the ICB - just a couple are given here.

Banking regulation and Independent Commission on Banking – links
1. Q&A: Osborne’s financial regulation reforms

2. Q&A: Basel rules on bank capital - who cares?

3. Independent Commission on Banking - what’s it for?

4. The Independent Commission on Banking, set up by the government, is to set out the scope of its year-long inquiry into the banking sector. Adam Shaw explains how the commission will look into the issue of splitting up banks’ retail and investment operations. Radio report, 2.5 minutes

5. The issue of whether banks’ retail and investment operations should be split is to be looked at by a government inquiry into the banking sector. The reform is one of a number of options being considered by the Independent Commission on Banking. Critics have said that such a split could damage the UK’s competitive edge and make banks leave the UK. Video report by Hugh Pym, 2.5 minutes

6. Independent Commission on Banking website – terms of reference

7. Major reforms needed, says banking inquiry head

8. Banks must be allowed to fail, says Paul Tucker

9. UK’s Nationwide questions full bank split option

 

Featured
CPD courses

Economics Teachers National Conference 2015

Our popular Economics Teacher National Conference takes place on Monday 22 June 2015 at the superb Wellcome Collection Auditorium on Euston Road in Central London. This is the leading enrichment CPD event for Economics teachers in the UK and always attracts a good number of teaching colleagues from further afield too!Confirmed speaker line-up:Duncan Weldon - BBC Newsnight Economics Correspondent (Economic Policy after the Election)Sir Paul Collier, Oxford University - Where next for Development Economics?Adrian Woolridge (The Economist) - The Great DisruptionDavid Smith (Economics Editor of the Sunday Times) Prospects for the UK EconomyOur delegate prices are:Single Delegate - £175 per personDepartment Deal - £125 per person (for two or more colleagues attending from the same school or college)PGCE / NQT - £75 per person

Learn more ›

Teaching & learning products

AQA AS Economics Worked Answers (2014)

Exemplar A Grade answers to the AQA ECON1 and ECON2 exam papers in summer 2014

£5.00

AQA A2 Economics Worked Answers (2014)

Exemplar A Grade answers to the ECON3 and ECON4 exam papers sat in June 2014

£5.00