Dregualtion of capital markets Flashcards Preview

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Flashcards in Dregualtion of capital markets Deck (3)
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1
Q

Postives 1/2

A

allows foregin investors to invest in the UK without seeking gov approval

2
Q

Postives 1/2

A

Banking, finance and business service account for 30% of uk GDP

3
Q

Negatives

A

Meant that London/ UK based banks had to complete with worldwide competitors