terms

Question 1

the trading of quoted shares

Answer 1

Equity markets

Question 2

the trading of government, supranational or corporate debt.

Answer 2

Bond markets

Question 3

the trading of currencies

Answer 3

Foreign exchange

Question 4

the trading of options, swaps, futures and forwards

Answer 4

Derivatives

Question 5

major corporate insurance (including professional indemnity), reinsurance,
captive insurance and risk-sharing insurance

Answer 5

Insurance markets

Question 6

managing the investment portfolios of collective investment schemes (CISs),
pension funds and insurance funds

Answer 6

fund management

Question 7

banking services tailored to organisations, such as undertaking mergers and
acquisitions (M&A), equity trading, fixed-income trading and private equity

Answer 7

investment banking

Question 8

provision of services to asset managers involving the safekeeping of
assets, the administration of the underlying investments, settlement, corporate actions and other specialised activities

Answer 8

custodian banking

Question 9

the traditional range of current accounts, deposit accounts, lending and credit
cards

Answer 9

Retail banking

Question 10

the provision of a range of life assurance and protection solutions for areas such as
medical insurance, critical illness cover, motor insurance, property insurance, income protection and mortgage protection.

Answer 10

Insurance

Question 11

the provision of investment accounts specifically designed to capture savings during a person’s working life and provide benefits on retirement.

Answer 11

Pensions

Question 12

a range of investment products and vehicles ranging from execution-only
stockbroking to full wealth management services and private banking.

Answer 12

Investment services

Question 13

helping individuals to understand and plan for their financial future.

Answer 13

Financial planning and financial advice