Of the 12% of European citizens who purchased a financ
ial service of some kind by distance marketing, 10% did so from providers in their country, while only 1% purchased distance financial services from EU providers outside their country, and 1% from providers outside the EU.[10] The mos
t recent statistics show cross border trade in general to be stalling.[11] This finding is reinforced by the Economic Study which noted that the level of distance marketing of financial services cross border is
...[+++] extremely low.