Thank you for the invitation to address you today – it is a pleasure to be here.
Much of the agenda for your conference is strikingly optimistic: developments in renminbi markets; the changing shape of fixed income trading; the new landscape for foreign exchange; the EU Capital Markets Union; and innovative ways to use ‘big data’ and other analytical techniques. It is good to see the wholesale markets looking forward, seeking out new opportunities, and facing the realities of regulatory and technological change with a sense of purpose and resolve. That dynamism is essential to the prosperity of everyone, and central to financing the global recovery.
From darkness cometh light? Some early messages from the Fair and Effective Markets Review consultation responses
Speech at the Association for Financial Markets in Europe’s 10th European Market Liquidity conference, London on Wednesday 25 February.
