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An Industry in Transition: Regulation, Restructuring and Renewal

In: Financial Institutions and Social Transformations

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  • David Knights

Abstract

The very term financial services is indicative of the way in which banking, insurance, credit and the vast range of financial institutions (for example, stock markets, foreign exchange agencies and money markets) associated with the management of money are in a process of transformation. While there remain disputes about where to draw lines around the different activities and divergent financial instruments, the ‘packaging’ of the major financial institutions within the broad category financial services cannot be seen merely as a verbal convenience. It reflects and reproduces a discursive formation which has certain effects upon the construction and development of contemporary social relations (Foucault, 1970).

Suggested Citation

  • David Knights, 1997. "An Industry in Transition: Regulation, Restructuring and Renewal," Palgrave Macmillan Books, in: David Knights & Tony Tinker (ed.), Financial Institutions and Social Transformations, chapter 1, pages 1-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25953-3_1
    DOI: 10.1007/978-1-349-25953-3_1
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