The sixth edition of this popular text provides a readable and authoritative introduction for anyone coming into contact with the City's financial markets and institutions, either as part of their studies or as part of their professional training. As with previous editions, the author gives a simple, straightforward explanation of the City, how it works and how it is regulated. Useful diagrams and extracts are included. The book has been fully updated to include recent City developments including the launch of the Euro. All those who work in the City of London, foreign banks or institutions, are an undergraduate, college or school student or have any link with the City, will find this book extremely useful.

Table of Contents

A simple introduction to the City: what it does and how it operates. Individual chapters describe the different sectors of the City: banking, insurance (including Lloyd's), the Stock Exchange, capital market, gilt-edged market, money market, foreign exchange market, Euro currency market, gold market, commodity markets, the markets in derivatives (futures, options, swaps etc), and the Baltic Exchange - all in easy to understand language. It ends with a comparison of London with New York, Tokyo, Zurich, Paris etc. and how the City is regulated. A glossary, explaining City jargon, is included.