Реферат: The City of London and its role as a financial centre

The world-wide network of British banks is not directly represented on Russian market. Operations available are carried out only through the branches of British banks based in other cities of the world.


Conclusions .

Although historically the heart of the financial services sector in Britain was located in the “Square Mile” of the City of London, and this is broadly the case now, financial institutions have moved outside the area all over the country.

The City of London is concentration of British financial power which makes London an angle of the New York-Tokyo-London triangular.

Though Great Britain is still a leading industrialized nation and a member of G7 group it real power and international influence centers around its financial activities.

Reference list.

1.David McDowall, Britain in close-up/Longman Singapore Publishers Pte Ltd.

2.Britain’s Banking and Financial Institutions/Reference Services, Central Office of Information, London.

Angela Fiddles, The City of London (the historic square mile).

Talking Points on Britain’s Economy/October 1999, December 1999.

Банковское дело, выпуск №12, 1998г.


Appendix :

Table 1 .

Net Overseas Earnings of Britain s Financial Institutions

Million Pounds

Banks

6,188

Securities Dealers

1,658

Commodity traders. Bullion dealers and export houses.

556

Money Market Brokers

112

Insurance Institutions

5,952

Pension Funds

2,044

Unit trusts

724

Investment Trusts

383

Fund Managers

425

Baltic Exchange

292

Lloyd’s Register of Shipping

57

Finance Leasing

40

Non-specified institutions

1,962

Total

20,393

Table 2.

Notes in circulation.

Value of notes in circulation end February 1996 (million)

No of notes issued by denomination in year to end February1996 (million)

1 pound

56

-

5 pounds

1,067

336

10 pounds

5,688

575

20 pounds

8,579

326

50 pounds

3,104

43

Other notes

1,154

-

Total

19,648

1,280

Source : Bank of England.


Table 3.

Major British Banks 1995.

Assets Liabilities (Mln pounds)

Market Capital

(Mln pounds)

Staff

Branches

Cash dispensers and ATMs

Abbey National

97,614

10,765

16,300

678

1,267

Bank of Scotland

34,104

4,095

11,300

411

463

Barclays

164,184

18,407

61,200

2,050

3,020

Lloyds TSB

131,750

25,496

66,400

2,858

4,346

Midland

92,093

39,658

43,400

1,701

2,282

National

Westminster

166,347

13,548

61,000

2,215

2,998

Royal Bank of Scotland

50,497

4,750

19,500

687

1,009

Standard Chartered

38,934

7,757

1,100

1

-

Figure 1.

Major Banks lending to British Residents December 1995.


Table 4.

Largest Building Societies.

Rank by Group Assets

Rank After Flotations and Mergers in 1977

Group Assets (million pounds)

1. Halifax.

-

98,655

2. Nationwide.

1

35,742

3.Woolwich

-

28,005

4. Alliance & Leicester

-

22,846

5. Bradford & Bingley

2

15,658

6. Britannia

3

14,916

7.National & Provincial

-

14,133

8.Northern Rock

-

11,559

9.Bristrol & West

-

8,589

10. Birmingham Mdshires

4

6,725

11. Yorkshire

5

6,412

12.Portman

6

3,513

13.Coventry

7

3,379

14.Skipton

8

3,037

Table 5.

Overseas Banks in Britain

(Main Countries Represented).

Country of origin

Branches of an Overseas Bank

British Incorporated Subsidiary of an Overseas Bank

Representative offices

Other

Total

France

16

8

23

-

47

Germany

19

5

4

-

28

Italy

15

1

28

-

44

Japan

28

6

15

4

53

Switzerland

9

2

17

-

28

United States

23

9

11

6

49

Other countries

153

41

111

7

312

Total

263

72

209

17

561

Source: Bank of England.


Table 6.

General and Long-term Insurance Business 1985 - 1995.

General Insurance net premiums.

Table 7.

Growth in Unit Trusts and Investment Trusts.


Definitions.

Assets -

anything owned by an individual, company, legal body or government which has a cash value.

Big Bang -

a system of major changes which brought deregulation to the London Stock Exchange in 1986.

Bill of Exchange -

an officially signed promise to pay to the receiver of the bill, the stated at the fixed time.

Bond -

a certificate issued by the borrower as a receipt for a loan usually longer than 12 months; it indicates the interest rate and the date of repayment.

Eurobond-

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