In the United States, fund management services that meet firms' outsourcing needs have been established as paid-for services. On the other hand, in Japan, there are more than a few examples where financial institutions do not impose any fees on financial services that incur a reasonable amount of costs, such as services related to account maintenance and management.
6 However, in order to maintain convergence and reap lasting benefits from the Single Market and euro area membership, efforts to ensure institutional quality and good governance have become all the more important given the headwinds facing CEE economies. The role of the Single Market and the euro in promoting convergence How has EU membership created the preconditions for stronger growth?