Protectionism Could Cause More Damage for Financial Services

ROCKVILLE, MD, Mar 24 (MARKET WIRE) --
MarketResearch.com has announced the addition of TowerGroup 's new report
"Protectionism: How Good Intentions Could Spawn a Dangerous Reincarnation
in Financial Services," to their collection of Banking & Financial
Services market reports. For more information, visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2108017

If governments worldwide react to the economic downturn by using
protectionism, the approach could lead to short-term gains in domestic
economies yet stifle longer-term financial innovation, exacerbating global
recovery and the advance of human society. Under a narrowed definition of
the financial marketplace, the number and variety of products and services
available will decline, leaving the industry powerless to foster new
economic wealth around the globe. Restrictions to the global flow of
capital and access to financial services would severely undermine the role
of the industry to help restore business momentum, sustain growth, and
crystallize synergies between developed and emerging economies.
Protectionist constrictions on sourcing strategies could doom financial
services institutions to higher costs and stagnant operational
performance. Failure by the 20 most economically powerful nations to
build a global regulatory framework through generally agreed principles
could cause each government to adopt protectionist measures as firewalls
to counter the financial market's exposure and risk. Technology vendors
and service suppliers could be victims and beneficiaries of financial
protectionism, depending on the jurisdiction of their clients and the
domicile of their businesses but with limited ability to manage political
and business risks.

Topics covered in the report include...

TowerGroup Take-Aways
Report Coverage
Background
What to Do and How to Do It: The Fundamentals of Protectionism
Products and Services Narrow Under Protectionism
The Role of Financial Regulation
Summary

For more information visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2108017

Contact:
Gregg Kellett
MarketResearch.com
gkellett@marketresearch.com
240.747.3008

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