International Finance and Accounting Handbook

2 • 23

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

✔✔

Diversified financial

firms

Specialist firms

✔✔✔✔✔✔✔✔

✔

Selective involvement of large firms via affiliates.

Exhibit 2.12.

European Financial Services Sector, 2001.

Function