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Regulatory change, corporate restructuring and the spatial development of the British financial sector

Lookup NU author(s): Dr Simon Raybould, Emeritus Professor Mike Coombes

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Abstract

The paper explores the dynamics of employment growth and change in the financial sector in the regions of Britain during the 1980s. Complementing other work which has focused on international and corporate finance, it focuses on personal financial markets. The paper demonstrates the way in which regulatory change has initiated corporate diversification into new markets. This reorganization has also included a round of innovation in new financial services and intensified competition in established personal sector markets. Restructuring has both intensified the concentration of the industry in the South and East of the country and Promoted decentralization from London. Professional and managerial staff associated with the development of new services have been concentrated in the Greater South East. The rationalization of branch networks has been more intense in the North and West of the country, while emerging national financial institutions have expanded their branches into southern Britain. The current recession appears to have temporarily at least halted the drift of the financial sector to the


Publication metadata

Author(s): Marshall JN, Gentle CJS, Raybould SR, Coombes MG

Publication type: Article

Publication status: Published

Journal: Regional Studies

Year: 1992

Volume: 26

Issue: 5

Pages: 453-467

ISSN (print): 0034-3404

ISSN (electronic): 1360-0591

URL: http://dx.doi.org/10.1080/00343409212331347111

DOI: 10.1080/00343409212331347111


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