Banking Act 1987 (in large part)

E793179

The Banking Act 1987 was a key UK statute that modernized the regulation and supervision of banks before being largely superseded by later financial services legislation.

All labels observed (3)

How this entity was disambiguated

Statements (32)

Predicate Object
instanceOf Act of Parliament of the United Kingdom
aimedAt strengthening stability of the UK banking system
appliesTo authorised institutions
deposit-taking business in the United Kingdom
country United Kingdom
field banking regulation
financial regulation
hasEffectOn Bank of England’s supervisory role
hasLegalStatus largely superseded
introducedConcept enhanced prudential supervision of banks
formal authorization regime for banks
improved depositor protection framework
jurisdiction United Kingdom
legalSystem English law
Northern Ireland law
Scots law
legislativeBody Parliament of the United Kingdom
linked to: British Parliament
partiallySupersededBy Banking Act 2009
Financial Services Act 2012
purpose modernization of banking supervision in the United Kingdom
regulates banks
deposit-taking institutions
relevantTo banking supervision
prudential oversight of credit institutions
replaced Banking Act 1979
shortTitle Banking Act 1987
subjectOf UK banking law
financial regulation in the United Kingdom
supersededBy Financial Services and Markets Act 2000
timePeriod late 20th century UK financial regulation
typeOfRegulation conduct of business regulation
prudential regulation

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Financial Services and Markets Act 2000 replaced Banking Act 1987 (in large part)
FSMA 2000 replaced Banking Act 1987 (in part)
linked to: Banking Act 1987 (in large part)
Banking Act 1987 shortTitle Banking Act 1987
linked to: Banking Act 1987 (in large part)