IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-09639-8_2.html
   My bibliography  Save this book chapter

The City Revolution: Implications for Financial Markets

In: The City Revolution

Author

Listed:
  • Maximilian Hall

Abstract

The combined threats posed by the proposed abolition of fixed commissions and the ending of single capacity to the existing dealing structure of the gilt market, where gilts not taken up at the public offer stage are bought back by the Bank and subsequently fed out to the market ‘on tap’ through the Government Broker1 as demand arises,2 had forced both the Stock Exchange and the Bank to consider reform at a relatively early stage in the ‘City Revolution’. Desires to allay suspicions about the level of competitiveness in gilt market-making3 and to update dealing, clearing and settlement systems, as well as market developments,4 heightened the sense of urgency.

Suggested Citation

  • Maximilian Hall, 1987. "The City Revolution: Implications for Financial Markets," Palgrave Macmillan Books, in: The City Revolution, chapter 2, pages 21-41, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09639-8_2
    DOI: 10.1007/978-1-349-09639-8_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-09639-8_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.