What is the Most Developed Banking System in Europe?

UK banking system - one of the most advanced in the world. Financial institutions in the country offer a wide range of services - consulting, legal, accounting, management. Deregulation increased the trend towards diversification of financial services to banks, the universalization of their activities. Thus, commercial banks provide services that are used to provide commercial banks invade the sphere of insurance, has added a company specializing in the issue of consumer credit.

In order to attract depositors of banks provide them with a variety of services, effectively turning into a financial supermarket. In the mean time, the value of such non-bank financial institutions like building societies, insurance and finance companies, investment funds. Rapidly expanding activities of computer companies that have a variety of services. Among them, in the first place - consulting in the field of information technology. Among business services - market research, management services, advertising.

After a downturn in economic activity in the postwar years in the late XX - early XXI century. there was a relative stabilization of economic situation in the UK. In particular, the increased concentration of banking and industrial capital. The peculiarity of the country's financial institutions is the large share of bank capital, flexible organizational structure of financial-industrial groups, which are often a consortium controlling a variety of spheres of the economy.

In the area of ​​Finance employs about 4 million people (12% of labor force). London remains the largest after New York's global financial center, while British banks do not play today, the former role in the financial markets and capital markets. As such, it is determined by four markets: gold, currencies, short-and medium-term credit and insurance. With the most efficient financial infrastructure in Europe, London holds a leading position in the world in the amount of turnover in international financial markets and capital markets and the number of existing foreign banks. In the British capital is third worldwide in terms of stock exchange transactions. At the London capital market up to 60% of world trade.Sound banking system and the island of Jersey. Go to home?