The Financial Services Sector represents a vital component of our nation’s critical infrastructure. Conglomerates – A financial services company, such as a universal bank , that is active in more than one sector of the financial services market e.g. life insurance, general insurance, health insurance, asset management, retail banking , wholesale banking, investment banking, etc.
Amongst the highly sought after financial function is the world of payments that has grown really complex over the years with financial institutions, retailers, wireless, device manufacturers all sneaking themselves in. An added dimension to this competition is the tug of war between smart start-ups and established players.
Investment management – the term usually given to describe companies which run collective investment funds Also refers to services provided by others, generally registered with the Securities and Exchange Commission as Registered Investment Advisors Investment banking financial services focus on creating capital through client investments.
Extreme wind and rain storms and other events: increased tropical cyclone activity; increased frequency of flas floods and large-area floods in many regions; increased risk of drought in Australia, eastern New Zealand and the Mediterranean, with seasonal droughts in central Europe and Central America; increased wildfires in arid and semi-arid areas such as Australia and the western United States.
Other efforts that involved the financial services industries was the formation of the Equator Principles, a financial industry benchmark for determining, assessing and managing social & environmental risk in project financing (Equator Principles, 2009).