The Big Bang transformed the City of London – 40 years on, can it happen again?

A City A.M. retrospective examines the 1986 Big Bang deregulation of London’s financial markets and considers whether comparable changes could address current market challenges.

• The Big Bang took effect on October 27, 1986, replacing much floor trading with electronic systems and ending fixed commissions and restrictions on foreign ownership of brokers.· 1 source
• The article says financial-services employment rose from about 1 million in early 1986 to 1.18 million by 1990.· 1 source
• It reports that UK pension funds now hold 4% of the domestic stock market, down from 39% around 20 years earlier, citing New Financial.· 1 source