It seems that they havereached an agreement, which was never written, thatif the banks...
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It seems that they have
reached an agreement, which was never written, that
if the banks intermediated between two non-residents,
in a foreign currency, in that case the dollar, that this particular intermediation, this particular deal
will not be considered by the Bank of England
under its own jurisdiction
reached an agreement, which was never written, that
if the banks intermediated between two non-residents,
in a foreign currency, in that case the dollar, that this particular intermediation, this particular deal
will not be considered by the Bank of England
under its own jurisdiction
Full Transcript
00:00:01.000 --> 00:00:04.646
It seems that they have
reached an agreement,
00:00:04.646 --> 00:00:08.813
which was never written, that
if the banks intermediated
00:00:10.874 --> 00:00:15.506
between two non-residents,
in a foreign currency,
00:00:15.506 --> 00:00:16.824
in that case the dollar,
00:00:16.824 --> 00:00:19.432
that this particular intermediation,
00:00:19.432 --> 00:00:22.644
this particular deal
will not be considered
00:00:22.644 --> 00:00:26.664
by the Bank of England
under its own jurisdiction.
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Movie Summary
How Britain transformed from an imperial power to a financial power.
![- [Narrator] The banks
began to create a market - The Spider's Web: Britain's Second Empire](https://clip.cafe/img400/narrator-the-banks-began-create-a-market.jpg)
![- [Narrator] When American banks realized - The Spider's Web: Britain's Second Empire](https://clip.cafe/img400/narrator-when-american-banks-realized.jpg)
![- [Narrator] Accountants and
lawyers from London arrived - The Spider's Web: Britain's Second Empire](https://clip.cafe/img400/narrator-accountants-and-lawyers-from-london-arrived.jpg)
![- [Narrator] The Bank
of England was observing - The Spider's Web: Britain's Second Empire](https://clip.cafe/img400/narrator-the-bank-of-england-observing.jpg)
