Table of Contents

1. Introduction to the Financial System
2. Financial intermediation and recent developments in the UK system
3. Retail banking
4. Wholesale and international banking
5. Building societies and financial houses
6. Investment institutions
7. Financial markets: introduction
8. The market for equities
9. Interest rates and the bond market
10. The sterling money markets
11. The foreign exchange market
12. Eurosecurities markets
13. Financial derivative
14. Managing risk via financial markets
15. The efficiency of the UK financial system
16. Central banking
17. Regulation of the financial system
18. Conclusions

About the Author

Mike Buckle is Senior Lecturer in Finance at the University of Wales, Swansea

John Thompson is Emeritus Professor of Finance at Liverpool John Moores University