International Finance and Accounting Handbook

2 • 21

Underwriting

Insurance

Payment

Savings

Fiduc.

Lending

Issuance of

and Risk Mgt.

Institution

Services

Prod.

Services

Business

Retail

Equity

Debt

Products

Insured depository

✔✔✔✔✔

institutions

Insurance companies

✔✔✔

Finance companies

✔✔

Securities firms

✔✔✔✔

Pension funds

✔

Mutual funds

✔

✔

minor involvement.

Exhibit 2.10.

U.S. Financial Services Sector, 1950.

Function