Details

The UK financial system


The UK financial system

Theory and practice, fifth edition

von: Mike Buckle, John Thompson

48,99 €

Verlag: Manchester University Press
Format: EPUB
Veröffentl.: 21.10.2016
ISBN/EAN: 9781526105042
Sprache: englisch
Anzahl Seiten: 464

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Beschreibungen

<i>The UK financial system</i>, now in its fifth edition, provides an up-to-date discussion of the UK financial system and the changes affecting it. Throughout the world the nature and regulation of financial systems have changed dramatically following the global financial crisis. In this text the necessary underlying theory is introduced and a range of relevant statistics provided in each chapter to supplement the narrative. Coverage includes a critique of the UK financial institutions and markets, as well as regulation emanating both from within the UK and also from supranational bodies such as the Bank for International Settlements and the European Union. The discussion is based on both the underlying theory as well as the operating practices of the institutions and markets.

Each supplemented by a comprehensive glossary, the book is subdivided into three main sections: financial institutions; financial markets; and the regulation of banks and other financial institutions.

The book will be essential reading to lecturers and undergraduate students enrolled on courses in financial economics and banking.
This text provides a complete up-to-date review of the UK financial system.
Part I Institutions
1. Introduction to the financial system
2. Financial intermediation and recent developments in the UK financial system
3. Banking: types of banks and the risks they face
4. Funds and other investment vehicles
5. Central banking
Part II Markets
6. Financial markets: introduction
7. The market for equities
8. Interest rates and the bond market
9. The sterling money markets
10. The foreign exchange market
11. Eurosecurities markets
12. Financial derivatives
13. Managing risk via the financial markets
Part III Regulation
14. The global financial crisis 2007-9 and its implications
15. Regulation of the banking system
16. Regulation of financial institutions other than banks
Part IV Conclusions
17. Conclusions
Index
Mike Buckle is Senior Lecturer in the School of Management at Liverpool University, London

John Thompson is Emeritus Professor of Finance at Liverpool John Moores University
This book provides an up-to-date discussion of the UK financial system and the changes affecting it. The Twenty First Century has witnessed a sea-change in regulation of the financial system following the financial crisis of 2007-8. Prior to the financial crisis in 2007-8 the official policy was directed to deregulating the financial system, whereas post 2008 the move is towards increased regulation. This caused changes in the nature and behaviour of the institutions and the regulatory authorities, with the result that existing texts quickly become dated. The aim of this book is to bring the discussion right up-to date. Coverage includes a critique of the UK financial institutions and markets as well as regulation emanating both from within the UK and also from supranational bodies such as the Bank for International Settlements and the EU. The discussion is based on both the underlying theory as well as the operating practices of the institutions and markets.

Each supplemented by a comprehensive glossary, the book is subdivided into three main sections plus introductory and concluding chapters. These sections cover i) financial institutions ii) financial markets and iii) regulation of banks and other financial institutions. The advantage of this structure is that the book can be used for a full course on the UK financial system or for the individual components on a modular basis. Each chapter contains comprehensive statistics to supplement the narrative.

The book will be essential reading to lecturers and undergraduate students enrolled on courses in financial economics and banking.

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