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Preparing for N2, an Investigation into the Challenges of 30th November 2001
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B) Preparing for N2, an Investigation into the Challenges of 30th November 2001 Contents: Page 1: 1) Introduction There are a range of separate issues which have been and still are drivers for change within the whole Financial Services industry and these continue to exert a significant influence on our business operations. The Secretary of State for Education and Employment established the Skills Task Force to assist with the development of a National Skills Agenda. An important feature of this state intervention was the examination of evidence on the nature and pattern of skill needs and shortages. Surveys and Reports were commissioned and produced for 7 different industries, the Financial Services industry was one of them. The main drivers for change in the sector are identified as: * re-regulation and re-regulation * intensified competition * ICT developments and applications * Increasing customer sophistication Future threats to the Financial Services sector will include meeting the challenge of new providers entering the...
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