Prof. Werner brilliantly explains how the banking system and financial sector really work.

The UK banking sector is controlled by The City of London, this small city within London is NOT part of the UK.

6 minute watch, and read the description below the video:

The Empire of "The City" - Three City States: London, Vatican, District of Columbia.
https://www.youtube.com/watch?v=ZFZnwl1x8gc&t=11s