KEY TRENDS OF BANKING AND FINANCIAL SERVICES MARKET

Key Trends of Banking and Financial Services Market

KEY TRENDS OF BANKING AND FINANCIAL SERVICES MARKET

Introduction

In this study, the investigator will talk about and investigate a sequence of key economic data, which are significant components that could influence the functioning of the economy and the financial market presentation in alignment to outlook the future trends of the stock market.

Highlights of Recent Trends in the Market

Now when it comes to discussing the financial stability around the world, it has generally been considered a volcanic eruption every time a meltdown it witnessed. Initiating from the Great Depression to the very recent Trauma of 2008, financers have seen it all and been through almost everything in terms of instability within the context of building, improving, hedging and stabilizing the market and the overall economy of the country.

The major and chief waves of change that have been summarized by financers and intended by major developmental institutions are the growing Chinese market, rising compliance cost and lesser margins of profitability, client diversification, E-commerce and E-trade and finally Singapore who shall remain a key and strong player in the private banking sector.

To begin with, let us begin with the key trend that has been witnessed in recent times. With almost 39 years of independence and with a strict policy implementation of the notion, 'come one hour early and leave one hour late', the Chinese market has grown significantly, outdoing major corporations (Nokia shut down its first ever mobile producing facility in Finland due to Chinese operations and manufacturing) and putting all other firms and producing facilities out of order. According to statistics intend by Ernst and Young, China and Brazil account for almost 2/3rd of the global capital. This means that in a few years time it will become the largest global enterprise around the world to have and hold the world's economy in its hands. Predictions that have been made by the world's finest financial managers, research analysts and projectors have suggested that the growth of the Chinese economy will undoubtedly tarnish and strip the economy of the U.S. if the rates continue to escalate and that a consistent speed is maintained.

Second, the cost of compliance and lower cost margins has also greatly changed the focus of many organizations to the extent that they have molded their actual reason of existence. With the rising competition on a domestic and international platform, companies and organization have changed their focus from quantitative to qualitative approach, which is, truly and effectively catering and adhering to the needs, wants and demands of current and potential customers present in the target market respectively.

Next, another major trend that has been witnessed is the diversification of the clients that are being catered. What this means that companies are now aiming and attempting the accounts of servicing their portfolio of clients that shall help them gain more market on an international level and platform accordingly. Customers today are more fragmented than ever before, ...