Europe’s recovery in the five years since the financial crisis has been weak. Unemployment, especially among the young is a major concern. Reforms have stabilised the financial system, now the EU faces the challenge of establishing an agenda for jobs and growth in the 2014 - 2019 mandate
We all rely on a stable and functioning financial system; successful enterprises cannot grow without the support of the financial services industry. The challenge for the industry is to deliver the services which individuals, families, businesses and society need.
This report will show, through a series of case studies, that behind seemingly simple transactions, a complex financial infrastructure exists that helps people borrow money, receive their pensions and manage their investments. The value of different services provided to businesses, including supply chain finance, risk management and private placements that allow firms to secure investment is explained.
New and disruptive technologies are transforming the ways in which people access financial services. Direct payments and fund transfers by digital devices are rapidly emerging across the globe, often bypassing the development of traditional banking.
Europe is not alone in needing to address the challenge of an ageing population but has less time to do so than emerging economies. The EU’s 2020 strategy recognises the challenges in the post-crisis landscape and sets out a ten-year strategy to build a competitive European economy fit for the