An Overview of the Finance Sector

We now take an overview of the structure of the financial system, the function of which can be described as the management of savings and capital and the provision of financial security. First, there is a quick outline of the structure, then some discussion of what shapes it and the challenges this creates. The final section considers the wider question of change in the industry.

The Structure

Figure 1.2 provides a helicopter view of the modern financial sector. It consists of two rotors (of the helicopter) representing the liability and asset sides of the sector. The function of the liability side on the left consists of the provision of security of savings and income, and involves the mobilization ...

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