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United Kingdom

In: Banking in the New Europe

Author

Listed:
  • Edward P. M. Gardener
  • Philip Molyneux

Abstract

As in other European countries, the UK banking market has undergone substantial change over the last twenty years, mainly driven by domestic deregulation as well by various other forces that have changed the supply and demand characteristics of the financial services industry (Molyneux et al.,1996). Compared to its main European counterparts the UK has a relatively small number of banks. As Figure 12.1 illustrates, the total number of authorised banking institutions has fallen from around 600 in 1985 to just over 460 in 1998. It also shows the decline in the number of mutual building societies over the same period.

Suggested Citation

  • Edward P. M. Gardener & Philip Molyneux, 2002. "United Kingdom," Palgrave Macmillan Books, in: Edward P. M. Gardener & Philip Molyneux & Barry Moore (ed.), Banking in the New Europe, chapter 12, pages 288-326, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59999-4_12
    DOI: 10.1057/9780230599994_12
    as

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