In Sweden, the convergence of the banking, insurance, and securities funds industries is more visible than in many other countries. A new playing field for the provision of financial services has evolved as banks, insurance companies and securities brokers offer a wider variety of products and services than ever before. This is due primarily to the dramatic breakthrough of Internet banking in the Swedish market and the fact that the Swedish population participates in saving schemes to such a large degree.
Today, banks are able to offer insurance services, while insurance companies also provide banking services. Both banks and insurance companies can offer securities funds services. It is also possible to provide a full range of financial services within the same financial group.
The operations of banks, insurance companies and securities funds are governed by different regulatory systems and are characterised by different industry practices. Vinge specialises, among other things, in the provision of expert legal advice in this complicated area.