Book Description
This document examines progress towards a Single Financial Market for Europe. It concentrates on General Developments, and examines developments in financial services, focusing on banking, securities, insurance, and developments in related fields impacting on financial services. It also identifies and assesses issues relevant for the Canadian financial services industry. It assesses the opportunities for Canadian financial institutions in Europe, focusing on the potential benefits of the Single Licence, the market for financial services in the EC, and the international activities of Canadian and other non-EC financial institutions. Finally it contains conclusion and recommendations, and flags those areas which should continue to be monitored by interested Departments and industry.