This report examines trends in both Canadian and global international trade and investment in financial services, looking at how Canadian financial institutions operate internationally, their key challenges, and factors in their success.
Going Abroad: Examining the International Footprint of Canada’s Financial Services Sector
Going Abroad: Examining the International Footprint of Canada’s Financial Services Sector
$205.00
Financial services such as insurance, banking, securities trading, and portfolio management are becoming increasingly tradable in the modern economy; since 2000, global exports have tripled and Canadian exports quadrupled.
– understanding and respecting the local culture
– finding the right local partner
– having appropriate local management expertise.
Key challenges that were identified included the following:
– regulatory barriers
– gaining access to the right people and skill sets
– and understanding the local market and competition
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