The financial services sector has gone through unprecedented turmoil in the last few years. We see fundamental forces that have affected the stability of financial institutions. In particular, information technology has led to an enormous proliferation of financial markets, but also opened up the banks’ balance sheets by enhancing the marketability of their assets.
Destabilising market forces and the structure of banks going forward
Arnoud Boot, 25 October 2011
Demand for white collar workers increases with the complexity of the industry concerned
Guy Michaels, 26 June 2007
Nowadays, the division of labour has become much more detailed as the production of most goods involves the coordination of a wide range of occupations. At the same time, white collar work involving generating, storing and communicating information has increased in importance in all firms and organizations.
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