Market abuse, Northern Rock and bank rescues

Haynes, Andrew
September 2009
Journal of Banking Regulation;Sep2009, Vol. 10 Issue 4, p321
Academic Journal
This article analyses the impact of the market abuse laws on the events surrounding support operations for banks and financial services firms. The specific context for the article is the events surrounding the failure of Northern Rock. Problems arise because this area of law was not drafted with the events arising in financial support operations in mind. Consequently, a number of issues can occur that are a major problem for the directors of such an institution. This article goes on to examine the relevant legal problems and their impact, and also proposes a solution.


Related Articles

  • Northern Rock seeks agencies for digital roster. Jones, Gareth // Marketing (00253650);7/18/2007, p3 

    The article reports on the search for digital advertising agencies by the Great Britain-based fifth-biggest mortgage lender Northern Rock in line with an increase in its advertising spending for 2007. It has already contacted a number of agencies to pitch for a series of bespoke digital projects...

  • SWOT Analysis.  // Northern Rock, PLC SWOT Analysis;November 2004, p5 

    Provides a business analysis of Northern Rock PLC, a company which provides residential mortgages funded in both the retail and wholesale markets, focusing on its strengths, weaknesses, opportunities for improvement and threats to the company. Strengths, including benefits derived from its...

  • Northern Rock, PLC SWOT Analysis.  // Northern Rock, PLC SWOT Analysis;November 2004, p1 

    Presents an overview of Northern Rock PLC, a company which provides residential mortgages funded in both the retail and wholesale markets. Company overview, including revenues generated in the fiscal year ended December 2003 and services provided; Key facts, including contact information;...

  • Justifying the nationalisation of NR. Darling, Alistair // Mortgage Strategy;2/25/2008, p40 

    The author reflects on the proposed bill related to the temporary public ownership of Northern Rock PLC in Great Britain. He asserts that the government can acquire some benefits to the bill such as market shares in assets and liabilities of the institution. He further emphasizes that the...

  • Northern Rock rescue leaves marketing in flux. Charles, Gemma // Marketing (00253650);2/20/2008, p1 

    The article focuses on the statement of the government which presents the status of marketing communications strategy of Northern Rock PLC in Great Britain. The government stresses that such company is in doubt for the gain of £6 million on advertising and media accounts. Further, it reveals...

  • FSA will hike fees to cover costs. Holt, Natalie // Mortgage Strategy;7/28/2008, p4 

    The article reports that a supervisory programme set up by the British Financial Services Authority (FSA) in the wake of the Northern Rock PLC debacle will mean a rise in fees. It states that fees will have to increase to cover spiralling cost of the Supervisory Enhancement Programme, which will...

  • Chatroom.  // Lending Strategy;Oct2008, p38 

    This section offers lending industry news briefs as of October 2008. U.S. Republican vice-presidential candidate Sarah Palin was criticized for ignoring the housing crisis as a priority issue in the election campaign. A research by you.gov reveals that the growth of Internet banking and the...

  • Industry Comment: Northern Rock: new lending will only lead to more risk.  // MarketWatch: Financial Services;Apr2009, Vol. 8 Issue 4, p9 

    In this article the author discusses Northern Rock PLC's pledge to offer 14 billion worth of new mortgage lending over the next two years through the reintroduction of remortgaging and 90% loan-to-value (LTV) products in Great Britain. This offer is considered a good idea but which may lead to...

  • Northern Rock: innovative offerings keep it one step ahead.  // MarketWatch: Financial Services;Sep2005, Vol. 4 Issue 9, p11 

    This article reports that Northern Rock PLC has achieved strong mortgage lending growth in the first six months of 2005 despite a subdued housing market. Northern Rock's interim results show that gross residential lending for the first six months of the year has increased by 20.1% on the same...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics