subject: Financial Services Centers and Groups in the UK [print this page] Financial services refer to services provided by the finance industry. The finance industry includes a broad range of organizations including insurance companies, banks, credit card companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises, that deal with the management of money and in providing financial securities to their customers.
The UK is a leading global financial services centre and the single most internationally focused financial marketplace in the world. An incomparable regulatory system that is effective fair and principled and which is concentrated on capital. Overseas financial institutions and investors choose to do business with financial companies in the UK than any other country. The financial system of the UK is based upon fractional reserve banking, by means of which deposit taking institutions including banks and building societies that lend a significant percentage to borrowers of the demand deposits. This approach prompts the expansion of the financial system's money supply which is at once welcomed by different observers and experts.
London has become one of the world's largest financial and trade center from 18th century onwards. A global financial services company, HSBC, headquartered in London, United Kingdom, is both, the world's largest banking and financial services group and the world's 8th largest banking service. The HSBC Group has a significant influence in international financial markets, encircling majorly America, Asia Pacific and European region.
The UK financial groups provides different type of insurance covers including commercial insurance, pet insurance, health insurance, home insurance, life insurance, vehicle insurance, and travel insurances. any private insurance company for these financial services. The UK's SM4 directory provides the listings of private insurance companies providing these financial services. Most of the companies that are dedicated in providing excellent service have a one to one relationship with their customers and the profession advice given to them is of high quality.
