The article discusses British financial markets and institutions from an international perspective. It covers the structure of the financial system, flow of funds in the economy, monetary system, valuation of financial instruments, and international macroeconomic policy. It also delves into the analysis of financial markets, security markets, equity market, bond market, derivatives markets, and money markets. The role of financial institutions like the banking sector, non-bank deposit taking institutions, insurance, pension funds, and investment institutions is explored. Governance, regulation, small business finance, industry, and international harmonization are also discussed. The article provides an overview of international financial systems, new developments in the financial sector, and future trends.