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book: The UK financial system
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The UK financial system

Theory and practice, fifth edition
  • and
Language: English
Published/Copyright: 2016

About this book

Throughout the world the nature and regulation of financial systems have changed dramatically following the global financial crisis. This book introduces the necessary theory and a range of relevant statistics 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.

The book is subdivided into three main sections, each supplemented by a comprehensive glossary: financial institutions; financial markets; and the regulation of banks and other financial institutions. It will be essential reading for undergraduate students enrolled on courses in financial economics and banking.

Author / Editor information

Contributor: Mike Buckle Mike Buckle is Senior Lecturer in the School of Management at Liverpool University --- Contributor: John Thompson John Thompson is Emeritus Professor of Finance at Liverpool John Moores University

Topics

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    Front matter

    i
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    Dedication

    v
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    Contents

    vii
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    List of figures

    xii
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    List of tables

    xiv
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    List of boxes

    xvii
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    Preface to the fifth edition

    xix
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    1 Introduction to the financial system

    1
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    I Institutions

    19
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    2 Financial intermediation and recent developments in the UK financial system

    21
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    3 Banking

    48
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    4 Funds and other investment vehicles

    100
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    5 Central banking

    134
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    II Markets

    157
    Mike Buckle and John Thompson
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    6 Financial markets

    159
    Mike Buckle and John Thompson
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    7 The market for equities

    180
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    8 Interest rates and the bond market

    206
    Mike Buckle and John Thompson
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    9 The sterling money markets

    234
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    10 The foreign exchange markets

    250
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    11 Eurosecurities markets

    266
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    12 Financial derivatives

    279
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    13 Managing risk via the financial markets

    317
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    III Regulation

    343
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    14 The global financial crisis of 2007–8 and its implications

    345
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    15 Regulation of the banking system

    363
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    16 Regulation of financial institutions other than banks

    403
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    IV Conclusions

    417
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    17 Conclusions

    419
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    References

    425
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    Glossary of technical terms and abbreviations

    439
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    Index

    452
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Publishing information
Pages and Images/Illustrations in book
eBook published on:
August 26, 2025
eBook ISBN:
9781526153692
Edition:
5th edition
Pages and Images/Illustrations in book
View content
https://doi.org/10.7765/9781526153692
eBook ISBN: 9781526153692
Keywords for this book
Bank of England; bank regulation; financial derivatives; financial intermediation; firms sector; global stock market crash; household sector; investment institutions; liquidity insurance; nature of banking; risk management; UK financial system
Audience(s) for this book
For an expert adult audience, including professional development and academic research
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