Description and comparison: UK and French financial systems

Docs en anglais | 10 pages | 14-03-2008 | Format : | Note : Non noté |

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Résumé

The economy's financial system exists to organize the settlement of payments, to raise and allocate capitals, and to manage the risks associated with financing and exchange. Thus, a developed system is one that has a secure and efficient payment system, security markets and financial intermediaries that arranges financing, derivative markets and financial institutions that provide access to risk management instruments.

Under globalization national financial systems are coming to seem more and more alike; the free movement of capital is an evident illustration. Moreover there is also a global financial system consisting of institutions and regulations that act on the international level. The main players are the global institutions such as International Monetary Fund, Bank for International settlements, national agencies, government departments and private institutions acting on the global scale.

Furthermore, financial markets and the instruments traded in those markets are remarkably similar from one country to another. Indeed the types of instruments, like bills, bonds, equities etc, satisfy a common objective wherever they are traded and priced according to the same principles in all countries because, in fact, most of them are internationally traded.

Nevertheless, all financial systems are not the same yet and there are differences remaining. In our study, we will particularly take interest in UK and French financial systems that rank among the largest financial markets in particular in Europe. First, we will begin describing the United-Kingdom financial system and subsequently studying the French one. Then, we will compare both financial systems before concluding.

Table of contents:

Introduction

I) Presentation of the UK financial system

1. Banking sector in the UK
2. Non-deposit institutions and financial markets

II) Presentation of the French financial system

1. The French banking system
2. Non-deposit institutions
3. Financial markets in France

III) Comparison between UK and French financial systems

1. Banking systems
2. Non-deposit institutions and financial markets

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