The British government suddenly deregulates financial markets, leading to a total restructuring of the way in which they operate in the country, in an event now referred to as the Big Bang.

Big Bang (financial markets)

Drastic changes affecting the London Stock Exchange and implemented on 27 October 1986

The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures, including abolition of fixed commission charges and of the distinction between stockjobbers and stockbrokers on the London Stock Exchange and change from open…