1986 Big Bang

E489156

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

All labels observed (2)

Label Occurrences
1986 Big Bang canonical 1
Big Bang of 1986 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf deregulation event ⓘ
financial market reform ⓘ
historical event ⓘ
abolished fixed commission charges for stockbrokers ⓘ
traditional single-capacity system of brokers and jobbers ⓘ
aimedAt increasing global competitiveness of the City of London ⓘ
modernization of London financial markets ⓘ
allowed negotiated commission rates ⓘ
alsoKnownAs Big Bang deregulation ⓘ
linked to: Big Bang
associatedWith deregulation of UK financial services ⓘ
expansion of wholesale financial markets in London ⓘ
rise of London as a center for derivatives trading ⓘ
changed structure of London securities firms ⓘ
trading practices on the London Stock Exchange ⓘ
country United Kingdom ⓘ
date 1986-10-27 ⓘ
encouraged entry of large international banks into the City of London ⓘ
ended fixed minimum commissions on stock trades ⓘ
open outcry trading on the London Stock Exchange ⓘ
historicalSignificance key moment in liberalization of global financial markets ⓘ
turning point in the modernization of the City of London ⓘ
impact greater innovation in financial products in the City of London ⓘ
increased competition among financial intermediaries in London ⓘ
rapid growth in trading volumes on the London Stock Exchange ⓘ
shift from domestic to international focus in City of London business ⓘ
implementedIn London financial markets ⓘ
influenced subsequent financial regulatory reforms in other countries ⓘ
influencedBy global trend toward financial deregulation in the 1980s ⓘ
introduced dual-capacity trading for firms acting as both broker and dealer ⓘ
electronic trading in London securities markets ⓘ
ledTo consolidation of stockbrokers and jobbers into integrated securities firms ⓘ
location City of London ⓘ
London ⓘ
linked to: London, England
permitted foreign ownership of UK stockbroking firms ⓘ
takeovers of London financial firms by international banks ⓘ
politicalContext Thatcherism ⓘ
precededBy more restrictive UK financial market regulations ⓘ
reformed London Stock Exchange ⓘ
regulatoryAuthority Bank of England ⓘ
regulatoryFrameworkChange shift toward self-regulation in financial markets ⓘ
resultedIn growth of London as a global financial hub ⓘ
increased international competition in UK financial services ⓘ
transformation of the City of London into a modern financial center ⓘ
sector financial services ⓘ
investment banking ⓘ
securities trading ⓘ
underGovernmentOf Margaret Thatcher government ⓘ
year 1986 ⓘ

How these facts were elicited

Referenced by (2)

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

Big Bang financial reforms → alsoKnownAs → Big Bang of 1986 ⓘ
linked to: 1986 Big Bang