Billings, Mark, Mollan, Simon Michael orcid.org/0000-0002-8448-1336 and Garnett, Philip Richard orcid.org/0000-0001-6651-0220 (2019) Debating Banking in Britain: The Colwyn Committee, 1918. Business History. 1593374. ISSN 0007-6791
Abstract
By 1918 the British banking system had reached a degree of maturity and concentration, with a small number of large banks dominating the sector. Political concerns about the rise of financial power led to the appointment of the Colwyn Committee to investigate the amalgamations process, and consider the issue of concentration with reference to the role of banking in the economy. In this article we explore this critical inflection point in British banking history and argue that the Committee’s proceedings reveal that many current concerns about banking correspond to those of a century ago. We also argue that–contrary to some historical interpretation–the Committee did not unequivocally favour financial interests, but rather sought to stabilise organisational change in the sector, and introduce new restrictions on the freedom of banks in respect of amalgamation, as well as supervision and regulation.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2019 informa uK Limited, trading as taylor & Francis Group. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details. |
Keywords: | banking amalgamations,Banking regulation,British banking,Financial development,Banking amalgamations,financial development,banking regulation |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > The York Management School |
Depositing User: | Pure (York) |
Date Deposited: | 21 Mar 2019 13:00 |
Last Modified: | 07 Feb 2025 00:24 |
Published Version: | https://doi.org/10.1080/00076791.2019.1593374 |
Status: | Published online |
Refereed: | Yes |
Identification Number: | 10.1080/00076791.2019.1593374 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:143969 |
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