How the City of London Works - An Introduction to its Financial Markets is a straightforward companion for anyone who comes into contact with the City's financial markets and institutions, either as part of their studies, professional training or as a general reader. Now in its seventh edition, the work: uses diagrams, maps and illustrations to explain the often-complex systems and regulations within the financial and other markets of the City of London; places a stronger emphasis on the activities of hedge funds and private equity firms than in previous editions; continues to examine how US incursions have changed the ownership of the main operators in the City, especially the merchant banks; examines how the City has enhanced its position in the world after the introduction of the Euro and looks at the clear lead that London has now established over New York; and includes a glossary of technical terms used within the City. -- Publisher's website.