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The European Synconomy

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Redefining Financial Services
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Abstract

Financial markets across the globe are becoming more accessible as a result of technological capability and the desire of investors to seek out new investment opportunities. In Europe, financial integration and deregulation are happening at a faster rate than many other markets due to the adoption of the Euro and the European Union’s economic agenda. However, unlike the self-regulatory American attitude towards regulating commerce, the European mindset predisposes more towards legislation to protect economic activity. That said, the establishment of standardized investor-focused reporting mechanisms, coupled with a robust technological infrastructure, will give rise to market transparency, in this case the ability for investors to assess risk and return to make prudent financial decisions. The creation of a single market for capital across Europe has enormous implications and opportunities for financial services firms to demonstrate value propositions that interoperate in a heterogeneous collection of cultures and provide new levels of financial diversity.

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Notes

  1. N. Machiavelli, Discourses on Livy ( Oxford: Oxford University Press, 1997 ) p. 79.

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  2. J. A. Goddard, P. Molyneux and J. O. Wilson, European Banking: Efficiency, Technology and Growth (Chichester: John Wiley & Sons, 2001) p. 162, hereafter Goddard.

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© 2002 Joseph A. DiVanna

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DiVanna, J.A. (2002). The European Synconomy. In: Redefining Financial Services. Palgrave Macmillan, London. https://doi.org/10.1057/9781403907219_15

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