Capital city: London as a financial centre

Abstract

The authors describe in detail the operations of the banks, the stock market, the insurance world and other bodies that make up the world's largest international financial centre. They discuss the major structural changes in the City since the Bang; the relationship between the City and other European financial centres now that Britain has become a member of the ERM; and the challenge on international businesses from Japan. They also answer a series of disturbing questions about the City's performance, accountability and honesty. They explain how the City reached its present position, and they discuss its future.

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