manage
a larger proportion of households’ savings (BIS,
2006). In 2005 more than 28% of the financial
wealth of euro area ….
Chart 3 Composition of euro area
households’ financial wealth
(percentages)
Source: British Bankers’ Association (BBA).
0 … they are savings-oriented institutions.
EU25 (euro area) life undertakings’ portfolios represented
€4,873.3 billion (€3 …