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Open Access research with a European policy impact...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of Open Access research papers by Strathclyde researchers, including by researchers from the European Policies Research Centre (EPRC).

EPRC is a leading institute in Europe for comparative research on public policy, with a particular focus on regional development policies. Spanning 30 European countries, EPRC research programmes have a strong emphasis on applied research and knowledge exchange, including the provision of policy advice to EU institutions and national and sub-national government authorities throughout Europe.

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The survival of the Scottish financial sector

Draper, Paul and Stewart, Bill (1988) The survival of the Scottish financial sector. Quarterly Economic Commentary, 14 (2). pp. 54-63. ISSN 2046-5378

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The changes that have swept through the financial sector in recent years are well known. Big Bang and the removal of minimum commissions in the City together with the Financial Services and Building Society Acts have greatly changed the character and nature of many of our financial institutions and markets. The causes of these changes; the increased globalisation of world financial markets, the dramatic improvement in technology and communications and a greatly changed regulatory framework have been discussed extensively but relatively little attention has been given to their impact on regions outside London. This article examines the state of the financial sector in Scotland subsequent to these changes and questions whether, far from being helped by the technological revolution, Scotland is in danger of losing its importance as a financial sector.