This report was prepared by Price Waterhouse and represents the results of an economic study of the costs of "Non Europe" in financial services. The study's geographical coverage was as follows: Federal Republic of Germany, France, Italy, the United Kingdom, the Benelux countries and Spain.

This report has been written as part of a major review of the Single Market undertaken by the European Commission. The 1996 Single Market Review assesses the progress made in implementing the Single Market Programme since 1992, through a series of 39 separate reports on specific business sectors...