Banged About; London as a Financial Centre  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8757 (Oct. 2011), page 55-56.
Topik: Financial Services; Eurozone; Buildings
Fulltext: Banged about.pdf (19.39KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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A short walk east from the Bank of England's building on Threadneedle Street takes you to the Broadgate shops-and-offices complex, built in the 1980s on the edge of the City, London's main financial district. The shifting architecture on the journey traces the changes wrought by "Big Bang", a set of new rules for the financial-services industry that came into force 25 years ago, on October 27th 1986. London's long-term prospects depend on its ability to rekindle the competitive fire that the Big Bang reforms aimed to spark. City bigwigs worry that much EU regulation is designed to undermine London and favour other financial centres in Europe. A bid by the European Central Bank to force clearing houses settling trades in euros to locate in the euro zone is one such threat. A proposed tax on financial transactions, which would divert business from Europe, also causes dismay. The burgeoning emerging-market demand for finance should be an opportunity. The risk is that fighting battles closer to home means it is missed.

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