The Financial Services Industry Essay by Peter Pen

The Financial Services Industry
This paper discusses that the financial service industry has changed dramatically in the recent years due to self-inflicted problems and recent corporate scandals.
# 60013 | 1,020 words | 3 sources | MLA | 2005
Published on Jul 12, 2005 in Business (Finance, Investment and Banking)

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This paper explains that financial institutions, tasked with assisting companies and individuals with monitoring finances, in the next 10 years, show great promise for growth. The author points out that in the next ten years there will be changes in the way accounting is done; new regulations and laws like the Sarbanes-Oaxley Act of 2002 have helped strengthen the need for accuracy in reporting financial information. The paper stresses that the reforming of Social Security is an urgent priority because it is a large share of federal spending and taxes; changes in Social Security will also affect Medicare, labor force participation and savings

Table of Contents
Financial Institutions in the Global Economy: The Next Ten Years
The Impact on Stakeholder Relationships the Organization has with Financial Institutions

From the Paper:

"The internet is an excellent source for researching information as well as educating ourselves on organizations, and over the past two decades the United States has seen a significant shift away from State provision of pensions, health and education, towards individual provision. This has greatly increased individual participation in financial markets and has fueled the demand for equity trading. An important vehicle for such participation is, and will increasingly be, the Internet. Aided by related technologies, the Internet market is growing very fast by providing a cost effective round-the-clock service directly to consumers. The Internet is user-driven and provides the consumer with an easy means of switching business, traditional loyalties to particular brokerages and particular financial houses are under significant threat."

Cite this Essay:

APA Format

The Financial Services Industry (2005, July 12) Retrieved October 01, 2023, from

MLA Format

"The Financial Services Industry" 12 July 2005. Web. 01 October. 2023. <>