By the mid-2010s, the financial system comprised five banking groups, one specialised credit entity, eight investment undertaking management entities, three asset management companies, and 29 insurance companies, 14 of which are branches of foreign insurance companies authorised to operate in the principality.
baɪ ðə mˈɪd tˈuː θˈaʊzənd tˈɛn z, ðə faɪnˈænʃəl sˈɪstəm kəmpɹˈaɪzd fˈaɪv bˈæŋkɪŋ ɡɹˈuːps, wˈʌn spˈɛʃəlˌaɪzd kɹˈɛdɪt ˈɛntᵻɾi, ˈeɪt ɪnvˈɛstmənt ˌʌndɚtˈeɪkɪŋ mˈænɪdʒmənt ˈɛntᵻɾiz, θɹˈiː ˈæsɛt mˈænɪdʒmənt kˈʌmpəniz, ænd twˈɛnti nˈaɪn ɪnʃˈʊɹɹəns kˈʌmpəniz, fˈoːɹtiːn ʌvwˈɪtʃ ɑːɹ bɹˈæntʃᵻz ʌv fˈɔːɹən ɪnʃˈʊɹɹəns kˈʌmpəniz ˈɔːθɚɹˌaɪzd tʊ ˈɑːpɚɹˌeɪt ɪnðə pɹˌɪnsɪpˈælᵻɾi.