Abstract
The UK financial system has experienced rapid structural changes since the early 1980s. Many evolutionary forces have been at work guiding these developments. The volatile market environment throughout this era, coupled with the heightened competitive awareness of financial institutions and the worldwide trend towards the deregulation of financial systems, resulted in a new ‘dynamic’ in the UK financial markets. The main aspects of these developments are discussed in this chapter.
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References and further reading
Bank for International Settlements (1986) Recent Innovations in International Banking, April (Basle: BIS).
Bank of England (1986) ‘Financial change and broad money’, Bank of England Quarterly Bulletin, December, vol. 26, no. 4.
Llewellyn, D.T. (1985) The Evolution of the British Financial System: Gilbert Lectures on Banking (London: Institute of Bankers).
Middleton, P. (1987) ‘Are non-banks winning in retail financial services?’, International Journal of Bank Marketing, vol. 5, no. 1.
Rybczynski, T.M. (1984) ‘The UK financial system in transition’, National Westminster Bank Quarterly Review, November.
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© 1990 Philip Molyneux
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Molyneux, P. (1990). Analysis of the Evolution of UK Markets and Financial Intermediaries. In: Banking. Palgrave, London. https://doi.org/10.1007/978-1-349-21153-1_2
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DOI: https://doi.org/10.1007/978-1-349-21153-1_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54120-3
Online ISBN: 978-1-349-21153-1
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