The Origins of UK Financial Services Regulation
The Company Lawyer, Vol 18, No 6, pp.167-176, 1997
27 Pages Posted: 9 Feb 2013
Date Written: March 26, 1997
This article traces the development of UK financial services regulation from the Middle Ages up to the time of Big Bang, by examining the establishment of the City of London's financial markets and significant milestones in the City's regulatory history. The analysis shows how the City has achieved its relative autonomy through its historically influential relationships with the Crown and the state. The article also demonstrates how the collective interests of the City have assiduously protected their regulatory autonomy and consistently reproduced their regulatory environment over a period of several hundred years.
Keywords: UK financial services regulation, regulatory history
JEL Classification: K20
Suggested Citation: Suggested Citation