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Diapositiva 1
LUCIANO MONTI Adjunct Professor of European Union Policies LUISS Guido Carli University – Rome (IT) (A) Representation of the financial industry and index B) New ways of representation in the financial market 2 6 5 4 3 2 1 0 Germany France UK Spain Sweden Finland Poland Italy 3 Sectorial relevance in the country labour market Gross value added Sectorial representation Number employes NACE Rev. 2 Section J (65-66-67) Financial business gross value added vs Country Gross value added represented companies vs total companies in Number employes NACE Rev. 2 Section J (65-66-67) Number employes NACE Rev. 2 Section J (65-66-67) vs total country labour market prodution units NACE Rev. 2 Section J (65-66-67) integrates services to customers and stakeholders 4 Domestic impact In the labour market Contribution to national gross value added Level of representation High Equivalent or superior to 3,5% of total labour market 90% equivalent or superior to the average financial sector contribution to gross value added in EU27 countries 80% or more of financial comp. represented by the single association or at the whole. At least 10 keys services provided by the associations. Medium Equivalent or superior to 3% of total labour market 80% equivalent or superior to the average financial sector contribution to gross value added in EU27 countries 70% or more of financial comp. represented by the single association or at the whole or at least an association representing more of 90% of the companies of the sector. At least 8 keys services provided by the associations. Low Less than 3% of total labour market Less than 80% of the average financial sector contribution to gross value added in EU27 countries Less than 70% of financial comp. represented by the single association. Less than 8 keys services provided by the associations. 5 100% 95% 90% 90% 90% 87.50% 90% 95% 91% 86% 81% 80% 70% 67% 70% 59% 60% 50% 46.20% 40% 34.60% 26.80% 30% 20% 11% 10% 0% GERMANIA Germany FRANCIA France REGNO UNITO UK SPAGNA Spain SVEZIA Sweden FINLANDIA Finland POLONIA Poland ITALIA Italy 6 DOCUMENTATION MEDIA SERVICES • • • • • Press release • Press review • Multimedial tools and web • News • Newsletter • Links • Agenda • Relevant laws and regulations • Glossary • Training services • Reserved areas Reports Discussion papers Position papers Statistical outlooks 7 25 20 15 10 5 0 8 Gross value added of financial corporate business EU27 Insurance premiums collection and asset management Gross value added of financial corporate business/ in the country vs whole Gross value added of financial corporate business EU 27 country insurance premiums collection vs EU 27 insurance premiums collection whole market Financial business labour market total employed in the financial sector vs country labour market host country asset management vs EU asset management whole market 9 European impact Local banks asset relevance vs.EU27 total asset Local insurance premium market and % of EU27 value added of financial services Number of employees in the financial sector High More than 10% total EU27 asset More than 10% EU 27 insurance premium market More than 15% EU27 financial sector value added More than 1.000.000 Medium Between 5% and 9% Between 5% and 9% EU27 insurance premium market Between 10% and 14% EU27 financial sector value added Between 1.000.000 and 500.000 Low Less than 5% Less than 5% EU27 insurance premium market Less than 10% EU27 financial sector value added Less than 500.000 10 Other countries EU27 22% Poland 1% Germany 18% Finland 1% Sweden 2% UK 21% Spain 8% Italy 9% France 18% 11 Spain 8% Sweden Finland Poland 1% 3% 4% UK 24% Italy 14% Germany 22% France 24% 12 5 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0 GERMANIA Germany REGNO UNITO UK FRANCIA France ITALIA Italy SPAGNA Spain POLONIA Poland SVEZIA Sweden FINLANDIA Finland 13 70 60 50 40 DOMESTIC EUROPEAN 30 TOTAL 20 10 0 UK GERMANY FRANCE ITALY POLAND SPAIN SWEDEN FINLAND 14 17 15 13 11 9 7 5 3 1 N. of submitted questionnaires N. of fulfilled questionnaires (FFFS and FeBAF are considered also in research A) 15 Respondent Organizations Country City of London United Kingdom Federation of Finnish Financial Services (1) Finland Federazione delle Banche, delle Assicurazioni e della Finanza (1) Italy Frankfurt Main Finance Germany Luxembourg for Finance Luxembourg Munich Financial Centre Initiative Germany Paris Europlace France Scottish Financial Enterprise United Kingdom Spain Financial Centre Spain (1) considered also in research A 16 public 12% no profit association 50% private limited company/GEIE 38% 17 public involvement 25% all economic systems 25% financial industry and services only 50% 18 10.000.000 euro 1.000.000 euro 50/60 empl. 10 empl. 150.000 euro 3 empl. 19 CMU, Financial regulation and structural reform Financial local market promotion stability and growth Int. relations Data protection and digitalization 20 8 7 6 5 4 3 2 1 0 NO YES 21 6 5 4 3 2 1 0 More than 50% 50% Less than 50% 22 8 7 6 5 4 3 2 1 0 Domestic European level International No lobby activity 23 8 7 6 5 4 3 2 1 0 Yes Only for selected items No 24 The growing role of financial industry in country and EU exit strategies calls for an increase of the domestic and European index of representation The domestic index could be increased enlarging the base of representation both vertically (major number of financial industry companies represented) and horizontally (new forms of representation) The European index will increase if new forms of networking are conceived The new forms of representation could be hardly classified but the opportunity of a networking is positively accepted by respondents 25 THANK YOU This presentation is avalaible here http://www.researchgate.net/profile/Luciano_Monti/publications 26