United Kingdom Banking & Financial Services Q4 2018
The United Kingdom has one of the oldest, largest and most well-developed and largest financial services sectors in theworld. It is a regional leader in terms of the total economic contribution of financial services, and only in Luxembourg andSwitzerland does the industry form a larger proportion of the country's total economy within Western Europe. However, this meansthe industry is saturated, and opportunities will lie in innovation and through mergers and acquisitions. This trend is already playingout across the financial services sub-sectors. The UK economy's reliance on financial services will not wane over the next ten years,though the relationship between the UK and EU post-Brexit, and in particular the fate of the passporting system that allows EU-based companies to operate in the UK, will be a major factor in the industry's growth trajectory. In the meantime, the industry isfocused on further tightening regulation and increasing transparency across the four sub-sectors of the financial services industry inorder to support ongoing growth.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook