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Financial Services Report France 3rd Quarter Product Image

Financial Services Report France 3rd Quarter

  • Published: July 2013
  • Region: France
  • 23 Pages
  • The Economist Intelligence Unit

The financial services sector accounts for around 5% of France's GDP-a fairly typical share by EU standards, but significantly smaller than in countries with large, global financial centres, such the UK (where the figure is around 8-9%). About 850,000 people (3% of total employment) work in financial services.

France is home to global firms like BNP Paribas (banking) and AXA (insurance). However, such well-known firms are not dominant in all of the country's domestic financial markets, with strong competition from private, mutual and state-owned companies.

Operating conditions will be challenging in the near term, given the debt crisis and weakness of the EU economy during 2013, including in France. Fiscal tightening will restrain growth for years to come, with a recovery unlikely to gather any pace until beyond 2014.

Industry List: Asset management, Financial Services, Banking, Financial Services, Financial markets and instruments, Financial Services, Financial regulation, Financial Services, Financial Services, Financial Services, Insurance
Industry Codes (NAIC): 52
Industry Codes (SIC): 60

Financial Services Report France 3rd Quarter

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

France at a glance

Fundamental indicators

Key contacts

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