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Shifting Gears in Troubled Times: Surveying the Financial Services Landscape in the EU

Published by: TowerGroup

Published: May. 7, 2003 - 16 Pages


Table of Contents


Introduction

Background: An Overview of the EU Financial Services Market

Reversal of Fortune: Setting Priorities in EU Financial Services

Country Analysis: EU Financial Services Market Segmentation

Conclusion

Abstract

Financial services institutions in the European Union have not been immune to the worldwide economic downturn and corresponding plunge in global stock markets. Higher loan-loss provisions as a result of rising corporate defaults, as well as reduced income from securities and investments lines of business have put a sizable dent in institutions' profitability.

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