ACCA AFM Syllabus A. Role Of The Senior Financial Adviser - Free movement of Capital - Notes ^{10 / 11}

Financial institutions joining together

e.g. banks, insurance companies etc all becoming a "one-stop" shop

This results in...

• Economies of scale for the companies

• Cost savings for customers

• Less volatility of earnings for companies as they become more diversified

Globalisation of Financial Reporting Standards

particularly IFRS

• Common FR means more efficient markets

• Easier access to capital - greater cross-border investment