• UK Government Announces Substantial Financial Support Package for UK Banking Industry
  • October 22, 2008 | Authors: Peter W. Richards-Carpenter; Nicholas Kynoch; Dominic Griffiths
  • Law Firm: Mayer Brown International LLP - London Office
  • Following consultation with the Bank of England (the "Bank") and the Financial Services Authority (the "FSA"), the UK Government has this morning announced that it is "bringing forward specific and comprehensive measures" to ensure the stability of the UK financial system and to protect ordinary savers, depositors, businesses and borrowers.