The Commission released its third annual monitoring report for the financial services sector. This year's Financial Integration Monitor focuses on the increased importance of both institutional investors and the external dimension for EU financial services. The report covers three areas: the EU financial sector in the global context and it analyses two market segments, the EU insurance and pension funds sector and EU investment funds sector.
Internal Market and Services Commissioner Charlie McCreevy said: 'The data clearly shows the increasingly pivotal role institutional investors play, not only on EU financial markets but also in building the savings and retirement provisions of EU citizens. The report also demonstrates the importance of the global dimension for EU financial markets.'
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