The identity of the US legal industry is being refreshed and turbocharged in ways never seen before, with alternative legal service providers are at the heart of all this action. The disaggregation of legal services is underway, not driven by players in the industry, but by clients. This is mostly because of their need for obtaining value through data and expertise, not cost savings. Alternative service delivery providers are taking on a multidisciplinary approach and transforming the legal sector in the following ways:

The report provides market dynamics and trends related to the Armenia banking market. In addition, it presents the estimations and forecast of the market. The study estimates the revenue generated from the sale of products and services (accounts and transfers, loans, mortgages, insurance, cards, and wealth management) from banking sector in the Armenia market. For the purpose of analysis, the Armenia banking market has been segmented on the basis of sector and type. The study estimates revenue generated from the sales of banking products under the following sectors—retail banking, corporate banking, and investment banking. By type, the market is bifurcated into closed joint-stock company (CJSC) and open joint-stock company (OJSC).

2 月份股债承销规模出现“双降”，股权承销规模环比下降18.75%，债券承销规模环比下降59.63%。同时，IPO 等项目审核数量下降，投行业务短期承压。此次下调投资者保护基金的缴纳比例，既降低了证券公司的营业成本，对冲疫情对证券行业的负面冲击，也有利于提升证券行业服务实体经济的能力。

近日，中共中央国务院印发了《关于深化医疗保障制度改革的意见》（以下简称《意见》），共计二十八条。《意见》提出了深化医保制度改革的总体要求，明确了2025 年和2030 年两个时间节点要实现的目标。进一步提出需要重点推进的六项任务：待遇保障、筹资运行、医保支付、基金监管等四项机制建设，以及医药服务供给、医疗保障服务等两大支撑体系。此次《意见》在国内新冠疫情防控形势持续向好的时候出台，具有重要意义，是新时代医疗保障领域的中央层级整体改革文件，为全面深化医疗保障改革指明了方向。

金融对于疫情后复工复产、稳定经济发展至关重要，相关政策密集落地，兼顾疫情防控和社会经济发展目标要求。货币政策加强流动性支持、财政政策减税降费，行业层面开辟金融服务绿色通道、推进创新金融产品等服务保障措施，政策重点落脚资金支持和系统性风险的防范。

银行补涨不足，配置价值显现。本周Wind 全A 涨6.0%，银行板块涨3.3%，银行板块涨幅行业倒数第二。春节开市以来，Wind 全A 涨5.9%，已经超过年前高点，而同期银行板块继续跌2.7%，跌幅行业第一。随着银行估值相对于市场均值和板块历史均值的进一步偏离，当前位置上，银行板块配置价值进一步显现。

2019年股份行资产增速突出，城商行高开低走，净息差有韧性，各类型银行走势分化，不良率环比持平、拨备覆盖率小幅下降，净利润同比增速稳定，较3 季度略有下降，资本充足率不断提升。