Jump to ContentJump to Main Navigation
Internationalisation and Economic Institutions:Comparing the European Experience$
Users without a subscription are not able to see the full content.

Mark Thatcher

Print publication date: 2007

Print ISBN-13: 9780199245680

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199245680.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 18 June 2019

From Conservatism to Revolution: British Stock Exchanges 1965–2005

From Conservatism to Revolution: British Stock Exchanges 1965–2005

(p.73) 4 From Conservatism to Revolution: British Stock Exchanges 1965–2005
Internationalisation and Economic Institutions:

Mark Thatcher (Contributor Webpage)

Oxford University Press

Britain is treated separately because it had a different institutional starting point in the securities sector, reformed earlier and then influenced the other three countries, and followed a specific ‘British reform path’. Between the mid-1960s and the early 1980s, despite pressures from transnational technological and economic developments, traditionalists in the London Stock Exchange successfully fought to retain their inheritance. However, the position changed greatly after the early 1980s. The LSE was transformed from a private British club into a listed company open to takeover. Reversing decades of self-regulation, powers were delegated to new independent financial regulatory authorities. Reforms were led by British state actors. They were triggered for domestic reasons, but thereafter, international factors became important, as British policy makers became concerned about regulatory competition from the US, and selectively used US reforms to justify changes. The chapter therefore shows the importance of US policies in the strategies of domestic policy makers and their legitimation of reforms.

Keywords:   London Stock Exchange, regulatory competition, US policies, financial regulatory authorities

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .