Big Bang financial reforms

E507441

deregulation program financial market reform historical event

The Big Bang financial reforms were a sweeping deregulation of the London financial markets in 1986 that modernized trading practices, boosted competition, and helped establish London as a leading global financial center.

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Observed surface forms (1)

Surface form	Occurrences
financial system reform (Japanese Big Bang)	1

Statements (46)

Predicate	Object
instanceOf	deregulation program ⓘ financial market reform ⓘ historical event ⓘ
aim	enhance competitiveness of the City of London ⓘ increase efficiency of financial markets ⓘ modernize trading practices ⓘ
alsoKnownAs	Big Bang of 1986 NERFINISHED ⓘ
associatedPoliticalContext	Thatcherism NERFINISHED ⓘ
associatedWith	City of London NERFINISHED ⓘ London Stock Exchange deregulation ⓘ
country	United Kingdom ⓘ
date	27 October 1986 ⓘ
decade	1980s ⓘ
effect	abolition of single-capacity trading ⓘ allowing dual-capacity trading ⓘ boosted London as a global financial centre ⓘ consolidation of stockbrokers and jobbers into larger firms ⓘ end of fixed commission charges ⓘ greater integration of UK financial markets with global markets ⓘ growth of investment banking in London ⓘ increased competition in financial services ⓘ increased presence of foreign financial institutions in London ⓘ introduction of electronic trading ⓘ modernization of London financial markets ⓘ removal of minimum commission rates ⓘ shift from open outcry to screen-based trading ⓘ
followedBy	further UK financial regulatory changes in the 1990s ⓘ
implementedIn	London Stock Exchange NERFINISHED ⓘ
implementedUnderGovernmentOf	Margaret Thatcher NERFINISHED ⓘ
influencedBy	global trend toward financial deregulation in the 1980s ⓘ
location	London, England ⓘ surface form: London
longTermImpact	greater dominance of large financial conglomerates in London ⓘ increased financial sector contribution to UK GDP ⓘ transformation of the City of London into a major global financial hub ⓘ
mainTypeOfReform	financial deregulation ⓘ securities market reform ⓘ
partOf	financial liberalization in the 1980s ⓘ
policyDirection	deregulation ⓘ market liberalization ⓘ
regulatoryChange	allowing banks to own stockbroking firms ⓘ ending fixed commission scales ⓘ ending separation between brokers and jobbers ⓘ loosening of ownership rules for member firms ⓘ permitting outside ownership of member firms ⓘ
sector	capital markets ⓘ financial services ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nigel Lawson → notableIdea → Big Bang financial reforms ⓘ

Ryutaro Hashimoto → notablePolicy → Big Bang financial reforms ⓘ

this entity surface form: financial system reform (Japanese Big Bang)