Credit Institutions and Securities Markets

“Big Bang” took place in London on October 27,1986, that is to say, the transition from the local to the new electronic stock exchange system as the final step within the shift from the system of separate fields of activity for the different types of banks towards unibanking by all-purpose banks. This event, together with the law passed by the German parliament on October 23,1986 on stock exchange listings, which facilitates medium-sized companies’ access to the stock exchange through the creation of a “regulated market”, lent a highly topical note to the symposium organised by the Institue fur Bankhistorical Research.