Talk:Big Bang (financial markets)
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Big Bang in other countries
The paragraph added on 25 April 2007 by anonymous IP 188.8.131.52 is blatantly POV. While the article does need some mention of the effects of the Big Bang, this is not it.
It's true that 'Today, London is a global financial centre, perhaps the world's most important,' but it should be mentioned that London was already a global financial centre. And saying that London 'is home to thousands of international institutions' is a way of putting a positive spin on the fact that London banking has been completely taken over by these international institutions.
One of the major reasons behind the Big Bang reforms was that the once-dominant UK investment banks were falling behind their counterparts elsewhere, especially in the US. Thatcher called this an impending disaster, and convinced everyone that something must be done to make British banking more competitive. While her reforms did dramatically reverse the London financial market's gradual slide toward irrelevancy, they did so by effectively putting the London financial market in the hands of those very US investment banks.
Some Tories like to pretend that this was the plan all along, and that it's a good thing for the UK, even though that blatantly contradicts everything they said 20 years ago. But this is dishonest, and an article written from such a POV does not belong on Wikipedia.
I think that the article should be more explicit about exactly what regulations were removed. Or at least give a reference to something that gives more detail.
Big Bang Day
This article referred to "Big Bang Day" yet I've never heard the event called that, a quick search on Google just seems to refer to "The Big Bang". I've redirected that page here.--Salix (talk): 07:32, 1 November 2011 (UTC)
Dr. Laeven's comment on this article
Dr. Laeven has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
Dr. Laeven has published scholarly research which seems to be relevant to this Wikipedia article:
- Reference : Beck, Thorsten & Laeven, Luc, 2006. "Resolution of failed banks by deposit insurers : cross-country evidence," Policy Research Working Paper Series 3920, The World Bank.
I'm sorry, I'm not a Wikipedian, but the section describing Big Bang during Thatcher government has a number of uncited opinions. Most troublesome may be "Treating the voluntary rules of private companies and associations as if they were the same thing as government "regulations" is a basic error". I am not a UK citizen, and I don't even know what Big Bang really is, and I don't have an opinion on the Thatcher government. But the editorializing in this article makes me worry that it is not a neutral description of Big Bang, and that I can't really trust that I am getting the true story... — Preceding unsigned comment added by 2601:645:8001:9856:C877:D681:F714:A38D (talk) 23:30, 17 February 2017 (UTC)