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The Financial Markets of London

In: The Management and Regulation of Banks

Author

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  • John Cooper

Abstract

We saw in the last chapter that the principal function of those institutions which collectively make up the mechanism of British banking is the collection of deposits from those with cash resources surplus to their immediate requirements and the re-lending of these cash resources, in one form or another, to those with an immediate need for them. We saw, too, the wide diversity and large number of institutions which make up the total banking mechanism and also the way that the borrowing and lending activities of many of them cut across any neat divisions of those activities in terms of the geographical location of the depositor or borrower or, indeed, the currency in which the deposit or lending is denominated.

Suggested Citation

  • John Cooper, 1984. "The Financial Markets of London," Palgrave Macmillan Books, in: The Management and Regulation of Banks, chapter 3, pages 95-164, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06527-1_3
    DOI: 10.1007/978-1-349-06527-1_3
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