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AufsätzeÖBA 1998, 144 Heft 2 v. 1.2.1998

Kurt F. Viermetz

The Financial Services Industry in the Year 2000

When dealing with the question of the prospects of the financial services industry, one is necessarily confronted with a number of decisive factors such as size, global action range and superiority. Not only is there a certain "pressure to grow in size", it is also a fact that only a few truly big (and real) global players will be able to earn a good living in the future. The present article not only develops a scenario for the financial services industry of the year 2000 with all its challenges. The author also pleads that despite all expected innovations, tested business practices and ethical behaviour should always be kept in mind.

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