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