united kingdom banking. Following the Northern Rock crised,questions have emerged over the effectiveness of the UK,S

p Introduction /Background How effective is the Tripartite regulation regime in accomplishing the dual functions of policing the United Kingdom banking system , while protecting the financial markets of the United Kingdom as a whole ? Is the Tripartite a successful coalition of government agencies in averting national financial catastrophes , or , does it create more problems than it solves

Formed in 1997 , the Northern Rock Bank was an offshoot of the Northern Rock Building Society , specializing in investment banking and participating in the liquid market of the London Stock Exchange . SRM Global

Master Fund LP Ors v HM Treasury , [2009] EWCA Civ 788 , pg . 4 of 38 In the years prior to its formation , the Northern Rock Bank (then the Northern Rock Building Society ) had the majority of its assets mutualized . SRM Global Master Fund LP Ors v HM Treasury , pg . 4 of 38 With the formation of the Northern Rock Investment Bank , the decision was made to demutualize these assets and sell shares on the open market in to raise capital to expand its investment business . SRM Global Master Fund LP Ors v HM Treasury , pg . 4 of 38 Many of the investors who bought the initial shares in the Northern Rock Investment Bank were prior members of the building Society who held pension accounts and mortgages

The decision to demutualize assets paid off in the short run for Northern Rock Investment Bank . By the year 2000 , it was added to the FTSE 100 index . Northern Rock drops from FTSE 100...