How the City Really Works explains the workings of "the City" --i.e. the City of London, theWall Street of the UK and the impact of this city on our jobs, our money, and our lives. Davidson explains exactly what is going on. The book presents a precise and candid picture of the City's mechanisms and institutions, and how they relate to those in other global financial centres.

This revised and updated third edition covers latest business practice, regulation, corporate governance, ethics and all other important issues. It includes exciting new chapters on the shipping industry, Iceland and Islamic finance, and scrutinises the City's relations with Europe and the United States.

The book presents the key roled within the City, from stockbrockers and foreign exchange dealers to accountants and Lloyd's underwriters, and explains how these professuibs work together across sectors. Packed with clear information and analysis on the main products - from bonds and new share offerings to derivities and side cars - How the City Really Works gives you a crash course in: City markets, hedge funds and traders, regulation and corporate governance and the City's links with the US and Europe.

Informative and entertaining, this is the leading guide to how London's financial markets operate and how investors can use them to make money.