Financial markets and the funding of enterprises in the European Union: what future?

Practice area: Education and Labour Markets | Finance | Financial markets and Institutions | Labour market economics
Client: European Foundation for the improvement of living and working conditions
Published: July, 2003
Keywords: qualitative analysis quantitative analysis stakeholder surveys and consultations

This report uses scenarios to explore the future landscape of the financial services industry in the European Union. The question posed is whether the structure of business finance will shift towards greater reliance on capital markets, equity and bonds, and away from bank finance. After reviewing the key factors that drove change in the nineties, the report examines whether these factors are likely to continue to drive change in the years ahead; looks at new pressure points and, finally, draws three scenarios for the future.