The introduction of financial services regulation in Britain in 1870
Cui bono
Bibliographic Data
| ID | 8420145 |
|---|---|
| Authors | David A Bogle (Queen's University Belfast, corresponding author) |
| Year | 2025 |
| Pages | 1-26 |
| Publication date | 2025-09-02 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2025.2543955 |
| OpenAlex | W4413929495 |
| Language | EN |
| References cited | 38 |
Who benefits from the introduction of regulation of financial services? This article addresses this question by looking at the introduction of one of the first pieces of UK financial services regulation, the Life Assurance Companies Act of 1870 (‘the 1870 Act’). The evidence suggests that, although the policyholders and the actuarial profession obtained some benefits from the 1870 Act, the shareholders of incumbent life assurance companies did not, at least not immediately nor directly. The policyholders benefitted from the ability to block mergers occurring and the increased information about life assurance companies that was made available to them. The actuarial profession, whilst not getting everything they requested from the 1870 Act, used it as a launching pad to obtain a stronger foothold in the life assurance industry
Business · Economics · Financial services · Financial system · Banking stability, regulation, efficiency · Finance · Global Financial Regulation and Crises · Insurance and Financial Risk Management
The Econometrics of Financial Markets
Theories of Economic Regulation
The Theory of Economic Regulation
Mergers and concentration in the UK insurance industry
The First Fund Managers
Share trading activity and the rise of the rentier in the UK before 1920
How far does the apple fall from the tree? The size of English bank branch networks in the nineteenth century
What moved share prices in the nineteenth-century London stock market
Three centuries of corporate governance in the United Kingdom
| Highly cited | No |
|---|