英语论文网

branch and remote location grew significantly. there was also a substantial growth in electronic funds transfer at point of sale (EFTPOS) terminals from 4,640 in 1993 to 8,984 in 1997 further reflecting the trend to supplement tradition with new distribution channels. These terminals are placed in retail stores, shopping centres , petrol stations and so on.

That process credit and debit cards payments. The number of such terminals is believed to have exceed 11000 by 2004. Some of the banks proved pay-in machines out side the banks branches for 24/7. The reason for shifts from branches to other means of financial service firms desire to improve operating efficiency as well as customers increasing demands to access banking services outside traditional hours.

As the banks and building societies branches fall rapidly the unemployment increased. The fall in staff employed is particularly noticeable for retail banks (it fell by round 75,000 between 1990 and 1996), although retail bank employment increased from then onwards by over 45,000 to reach just over 346000 by the of 2004. But from early 2008 to 2009 many branches closed because of recession (banking crisis), and by 2010 RBS plc will closed 300 more branches, in results 3,500 bank staff will become jobless. The increased in employment after 1996 is imputable to building societies conversion to bank plc. In addition there has been a substantial increase in employment by foreign banks since 1996 up to 2001 reflecting the booming capital markets activity of foreign owned investment banks in London.

The graph shows that all the main banks have maintained relatively stable staff levels in recent years. It should noted that RBS acquired NatWest in 2000, large decline in NatWest is mirror by the increased at Royal Bank of Scotland. In 2004 330,700 staff were employed by Major Bank British Groups. Interesting to note that 63 per cent were female, of whom 76,300 were employed as part time worker. Throughout the 1995 there has been a gradual increase in the number of part time employed in the banking sector mainly in retail banking sector. Again the general decline in total employment in the banking sector and the increase in part time employment, are indicators of the banks desire to improve their operating efficiently.

Recent development in the uk financial system.

There has been a tremendous change in the uk financial system since the early 1980s. The change that have been taken place can be analysed in a systematic way. This analyse adapted from Llewellyn (19985, 1991), provides a framework for assessing and interpreting the more specific discussion of event in financial market.

Some of the main force leading to the modification of any financial system are.

Change in the market environment.

Change in the portfolio preferences of user of financial intermediation services.

Change in the preference of and constraints on the providers of financial intermediation services.

The interaction of these forces produces financial innovation, which is essentially the development of new financial instruments and techniques of financial intermediation, and structural change in the financial system with appearance of new financial markets and change in the organisation and behaviour of institutions.

Over the postwar period up to the end of the 1