Effect of Credit Crunch on Banking Sector in the UK Dissertation

Effect of Credit Crunch on Banking Sector in the UK - Dissertation Example 33 Figure 1.2: UK Banking Sector - Northern Rock Example 34 Figure 1.3: Business and Financial Services Growth Relative to Overall UK GDP Growth 35 Introduction The origin of the credit crunch was in the US in the year 2007. Several evidences proved that UK had also been affected due to the credit crunch (Ball & Et. Al., 2009). This report will analyse several aspects regarding the impacts of the credit crunch on the UK banking sector. General Statement The report will be dealing with the impacts of the credit crunch on the UK. It is a broad aspect hence the topic has been specified through restricting its focus only on the banking sector. Therefore, the prime research statement undertakes the analysis of the impact of credit crunch on the banking sector. Specific Statements In order to draw the ultimate findings of the research statements, the following specific statements will be evaluated ‘The Credit Crunch Explained’ ‘Credit Crunch — Banks Stop Lendingâ €™ ‘Banking Sector Timeline - From Credit Crunch to Present Day’ ‘Bankers Made 'Astonishing Mess'’ ‘UK Banking Regulation’ Requirement for Further Investigation The scope of study is huge as it encompasses the entire banking sector of the UK. Due to the constraint of time, it might not be possible to conduct an immense research. The study can be more concrete if increased number of real evidences could be included. Moreover, views of the managers or the finance managers of the banks in the UK can be taken into consideration to acquire the in-depth analysis of the topic. It is evident that the impact of credit crunch will not have similar implications to the big and small banks. Therefore, it can be stated that there is a further scope of investigating the differences of the impact in between the... The origin of the credit crunch was in the US in the year 2007. Several evidences proved that UK had also been affected due to the credit crunch. This report will analyse several aspects regarding the impacts of the credit crunch on the UK banking sector. The report will be dealing with the impacts of the credit crunch on the UK. It is a broad aspect hence the topic has been specified through restricting its focus only on the banking sector. Therefore, the prime research statement undertakes the analysis of the impact of credit crunch on the banking sector. The scope of study is huge as it encompasses the entire banking sector of the UK. Due to the constraint of time, it might not be possible to conduct an immense research. The study can be more concrete if increased number of real evidences could be included. Moreover, views of the managers or the finance managers of the banks in the UK can be taken into consideration to acquire the in-depth analysis of the topic. It is evident that the impact of credit crunch will not have similar implications to the big and small banks. Therefore, it can be stated that there is a further scope of investigating the differences of the impact in between the smaller and the bigger banks. The primary objective of the project is to determine the impact of the credit crunch in the banking sector of the UK. The concept of the credit crunch is related with the banking sector as it is based on the lending procedure. It indicates that basic concepts are needed to be conceptualised.