Sector and Industry Profile

The term ‘international financial services’, is typically used to encapsulate three sectors:

  • Banking and capital markets
  • Investment management
  • Insurance

Other areas within the financial sector, such as retail banking, are not eligible for funding in a Finuas network. Eligible activities for the network must be related to internationally traded financial services. Companies that provide professional services to this highly specialised sector are also eligible, such as legal, tax, accounting as well as business and IT consultancy. The image below provides an overview of these three sectors and their sub-sectors.

International Financial Services Universe graphic
Source: Future Skills and Research needs of the International Financial Services Industry, December 2007, Expert Group on Future Skills Needs.