THE financial services industry had a tremendous 2003 with global market value touching US$6.7 trillion, exceeding its historical peak of US$6.5 trillion, a sum previously touched in February 2001.
On a number of dimensions chiefly cost, risk and capital management the industry has demonstrated an improved ability to deal with economic downturns, financial services and risk management consultant Mercer Oliver Wyman (MOW) said.
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