Global Financial Services refers to a wide range of financial activities that occur across international borders. This includes banking, investment, insurance, and asset management services provided by institutions like banks, investment firms, and insurance companies. These services facilitate trade, investment, and economic growth by allowing individuals and businesses to manage their finances effectively. The sector is characterized by its interconnectedness, where financial markets and institutions operate on a global scale. This means that events in one country can impact markets worldwide. Regulatory bodies, such as the International Monetary Fund (IMF) and the World Bank, play crucial roles in maintaining stability and promoting cooperation among nations in financial matters.