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1000 international delegates from the International Capital Market Association will meet in Luxembourg this week to discuss the outlook for the industry at a time of rapid change in global financial markets. International capital markets, which have been on a path to increasing integration in past years, are now at increasing risk of fragmentation from the prevailing trend to protectionism and nationalism. At the same time, implementation of the post-crisis regulatory agenda, culminating this year in the sweeping changes required by MiFID II, together with the digitisation of trading and back office processes is rapidly reshaping market structure.
In this changing landscape, with the balance of markets shifting, new participants entering and existing ones changing or...
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