Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?

The paper looks at the impact of the latest economic crises on the UK’s financial services. It first describes the financial industry’s oversized contribution to Britain’s GDP and states what constraints and challenges the current situation poses in the short to medium term. The study moves on to re...

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Main Author: Bernard Offerlé
Format: Article
Language:English
Published: Presses universitaires de Rennes 2015-03-01
Series:Revue LISA
Subjects:
Online Access:https://journals.openedition.org/lisa/8255
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author Bernard Offerlé
author_facet Bernard Offerlé
author_sort Bernard Offerlé
collection DOAJ
description The paper looks at the impact of the latest economic crises on the UK’s financial services. It first describes the financial industry’s oversized contribution to Britain’s GDP and states what constraints and challenges the current situation poses in the short to medium term. The study moves on to review the various reform plans and official reports and it explains the different issues raised by new regulation in the wider EU context. The conclusion attempts to establish the distinction between what changes have actually been made and what remains mere politicking. The closing remarks call for further research embracing the other leading world financial centres.
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spelling doaj-art-b6d45c1831894ab0951e24a818d55cbf2025-01-06T09:02:55ZengPresses universitaires de RennesRevue LISA1762-61532015-03-011310.4000/lisa.8255Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?Bernard OfferléThe paper looks at the impact of the latest economic crises on the UK’s financial services. It first describes the financial industry’s oversized contribution to Britain’s GDP and states what constraints and challenges the current situation poses in the short to medium term. The study moves on to review the various reform plans and official reports and it explains the different issues raised by new regulation in the wider EU context. The conclusion attempts to establish the distinction between what changes have actually been made and what remains mere politicking. The closing remarks call for further research embracing the other leading world financial centres.https://journals.openedition.org/lisa/8255financial innovationcompetitionLondonstock exchangefinancial crisisKay review
spellingShingle Bernard Offerlé
Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
Revue LISA
financial innovation
competition
London
stock exchange
financial crisis
Kay review
title Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
title_full Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
title_fullStr Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
title_full_unstemmed Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
title_short Moving Past Recent Turmoil: What is Becoming of the UK's Financial Services?
title_sort moving past recent turmoil what is becoming of the uk s financial services
topic financial innovation
competition
London
stock exchange
financial crisis
Kay review
url https://journals.openedition.org/lisa/8255
work_keys_str_mv AT bernardofferle movingpastrecentturmoilwhatisbecomingoftheuksfinancialservices