BobKamman
Level 15

The “Financial Services” sector was renamed in 2013 from “Banking and Finance Sector.” Its description:

The Financial Services Sector includes thousands of depository institutions, providers of investment products, insurance companies, other credit and financing organizations, and the providers of the critical financial utilities and services that support these functions. Financial institutions vary widely in size and presence, ranging from some of the world’s largest global companies with thousands of employees and many billions of dollars in assets, to community banks and credit unions with a small number of employees serving individual communities. Whether an individual savings account, financial derivatives, credit extended to a large organization, or investments made to a foreign country, these products allow customers to:

1. Deposit funds and make payments to other parties
2. Provide credit and liquidity to customers
3. Invest funds for both long and short periods
4. Transfer financial risks between customers

Maybe accountants and tax preparers come under “providers of the critical financial utilities and services that support these functions.” The Homeland Security website then says that the Treasury Department owns the policy for this sector, and then links to the Treasury home page, which is a rabbit hole if you want to find more information.

The Homeland Security website for all this is

https://www.cisa.gov/identifying-critical-infrastructure-during-covid-19

 

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