Market Review Exercise Dissertation Example | Topics and Well Written Essays - 1000 words

Market Review Exercise - Dissertation ExampleService proliferation comes from the increasing number of run offered by the pecuniary in their search for new avenues of revenue extension. The search for new avenues of revenue generation by the financial sector has also resulted in growing competition among the various financial organizations in the financial sector. A key reason for the proliferation of financial services is the trend in favour of political sympathies de-regulation or the loosening of the control strings of the government on the financial sector. One of the reasons for the deregulation of the financial sector is for the ordinary citizen to earn more recreate on savings and this has resulted in the trend for interest sensitive mix of bullion. Developments in the field of information technology are used as tools for sharpening the militant edge among the players in the financial, and also allow the many new services offered to ride piggyback on technology changes i ncluding automation. Effective use of the automation put in place requires generation of high volumes of sales, which substance increased customer base and as a result the trend in consolidation and spherical expansion. ... Differences between mental synthesis Societies and Banks Building societies are mutual institutions in which a major portion of the having a savings account in the building auberge or a mortgage from the building society are members and in essence operate in the financial markets as financial services providers for concourse housing finance needs. Banks on the other financial enterprises in many cases hold public coronation as stocks on which revenue has to be derived for paying out to the stock holders and so offer a plethora of financial services in the market towards revenue generation. Building societies are not so strongly governed by profit motives and so their services for housing purposes tend to be offered at turn down costs however they pay back a drawback in that there is a limit of 50% of their funds that they can seek from the wholesale market. However, in the new millennium these differences are getting blurred, because of the cross readying of financial services that has seen building societies indulging in selling insurance, unit trust and other such(prenominal) long term investment products and banks also offering competition in these services (Spencer, 2000). Current Building Society Trends By incorporating as public limited companies, building societies are able to overcome the limitations that they have in access to capital from the financial markets. This has seen the trend among building societies to become public limited companies. much(prenominal) a move also helps them to overcome the restrictions of the UK Building Societies Act and face the challenge of reduced collect for housing finance. To offset the reduced demand for housing financial services, the trend after incorporation as public limited compan ies is to move into new areas of financial services