The financial services sector plays a critical role in our nation's infrastructure. It is under constant threat from various risks such as large-scale power failures, natural disasters, and sophisticated cyber attacks.
This sector includes a wide range of institutions, from large-scale ones with assets over a trillion dollars to smaller community banks and credit unions. They offer various financial products and services that enable customers to:
The financial services sector encompasses numerous types of institutions which are classified according to the services they provide. It includes over 18,800 federally insured depositary organizations; several providers of diverse investment products that include approximately 18,440 broker-dealer, investment advisor, and investment company complexes; providers of risk transfer solutions, counting 7,948 domestic U.S. insurance companies; plus many thousands more organizations offering credit and financing services.