Hi, need to submit a 1500 words paper on the topic Present and evaluate the possible bank reforms emerging from the US and the UK. Now, when the crisis is within control and the economies of the US and the UK are showing signs of nascent recovery, the cries for reforms in the banking system are emerging from the affiliated concerns and institutions. Some of the proposed reforms are a step in the right direction. Still, all that is being said and done does not portend to achieve the expected results. Causes of the Banking Crisis The occurrence of crisis like situations within the US and the UK banking system owing to the embedded systemic weaknesses has been typically shocking in the current decade. Not to mention, the cost of such scenarios have been significantly high for the affected economies. Though, the causes and reasons impacting the banking system during the 2008-2009 recession have been to some extent, region specific. Still, some salient trends can be identified, that have been common to the UK and US banking system. First and foremost, the risky banking practices and the accompanying structural weaknesses in the financial system were bound to give way to a crisis like situation at some time or other (Turner 2008).