Big Bang

E489155

The Big Bang was a major deregulation of the London financial markets in 1986 that transformed the City of London into a modern, globally competitive financial center.

All labels observed (2)

Label Occurrences
Big Bang deregulation 2
Big Bang canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf economic reform ⓘ
financial market deregulation ⓘ
historical event ⓘ
alsoKnownAs Big Bang deregulation ⓘ
linked to: Big Bang

City of London Big Bang ⓘ
associatedWithInstitution London Stock Exchange ⓘ
associatedWithPlace City of London ⓘ
country United Kingdom ⓘ
effectiveDate 1986-10-27 ⓘ
hasTopic Thatcherism and economic policy ⓘ
financial deregulation in the United Kingdom ⓘ
history of the City of London ⓘ
historicalContext Thatcher-era economic liberalization in the United Kingdom ⓘ
implementedBy Conservative government of the United Kingdom ⓘ
implementedUnderGovernmentOf Margaret Thatcher ⓘ
includedChange abolition of fixed minimum commissions on stock trades ⓘ
allowing foreign firms to own UK stockbrokers ⓘ
end of single-capacity system separating brokers and jobbers ⓘ
increased competition in securities dealing ⓘ
introduction of dual-capacity firms acting as both brokers and dealers ⓘ
relaxation of ownership rules for member firms of the London Stock Exchange ⓘ
shift from open outcry trading to electronic screen-based trading ⓘ
influencedBy free-market economic policies ⓘ
legalForm package of regulatory and structural changes to financial markets ⓘ
location City of London ⓘ
London ⓘ
linked to: London, England
longTermImpact accelerated adoption of electronic trading in London ⓘ
established London as a leading global financial hub ⓘ
transformed structure and ownership of City of London financial firms ⓘ
mainMarketAffected London Stock Exchange ⓘ
mainObjective increase global competitiveness of London as a financial centre ⓘ
liberalize securities trading ⓘ
modernize the City of London financial markets ⓘ
precededBy more restrictive and club-like structure of the City of London financial markets ⓘ
reformType deregulation of financial markets ⓘ
liberalization of securities trading ⓘ
regulatesOrAffects investment banking in London ⓘ
securities trading in the United Kingdom ⓘ
stockbroking in London ⓘ
resultedIn consolidation of traditional stockbroking and jobbing firms ⓘ
greater integration of UK financial markets with global markets ⓘ
increased competition in financial services in London ⓘ
influx of foreign, especially American, investment banks into the City of London ⓘ
rapid expansion of London as an international financial centre ⓘ
sector financial services ⓘ
securities markets ⓘ
year 1986 ⓘ

How these facts were elicited

Referenced by (3)

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

Big Bang (1986 financial deregulation) → alsoKnownAs → Big Bang deregulation ⓘ
subject linked to: Big Bang
linked to: Big Bang
1986 Big Bang → alsoKnownAs → Big Bang deregulation ⓘ
linked to: Big Bang