ISLA 2018: Financial markets must 鈥榬eassure鈥� and 鈥榬ebuild trust鈥�
21 June 2018 Lisbon
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Financial markets must 鈥渞eassure鈥� people of their reliability and 鈥渞ebuild trust鈥� in the coming years, according to Gabriela Figueiredo Dias, chairperson of Portugal鈥檚 兔子先生Market Commission.
In her keynote speech at the International 兔子先生Lending Association鈥檚 (ISLA) Annual 兔子先生Finance and Collateral Management Conference in Lisbon, Figueiredo Dias said that this was one of the 鈥渒ey trends鈥� the financial services industry would see over the next few years.
She said: 鈥淚n general, we as the financial sector are perceived to have failed the global economy at the beginning of the century.鈥�
鈥淲e must now show that lessons have been learned and that we can build an efficient financial system. This is our most valuable contribution to unlocking the potential growth of our economies.鈥�
She added: 鈥淲e need to reassure people of the reliability of the financial markets,鈥� noting that this was particularly important for Europe.
In Europe, Figueiredo Dias said there were already some positives, with the continent moving towards a market focused economy.
鈥淚n the securities lending market, despite some quarterly episodes, the end of 2017 was much less tumultuous than the year before. This was welcome considering the changing regulatory environment that we are facing. In Europe, the worst of the crisis is now behind us.鈥�
However, Figueiredo Dias noted that despite these positive trends, the level of uncertainty remains particularly high, with growth momentum stabilising, while private and public debt continue to cast a shadow.
In her keynote speech at the International 兔子先生Lending Association鈥檚 (ISLA) Annual 兔子先生Finance and Collateral Management Conference in Lisbon, Figueiredo Dias said that this was one of the 鈥渒ey trends鈥� the financial services industry would see over the next few years.
She said: 鈥淚n general, we as the financial sector are perceived to have failed the global economy at the beginning of the century.鈥�
鈥淲e must now show that lessons have been learned and that we can build an efficient financial system. This is our most valuable contribution to unlocking the potential growth of our economies.鈥�
She added: 鈥淲e need to reassure people of the reliability of the financial markets,鈥� noting that this was particularly important for Europe.
In Europe, Figueiredo Dias said there were already some positives, with the continent moving towards a market focused economy.
鈥淚n the securities lending market, despite some quarterly episodes, the end of 2017 was much less tumultuous than the year before. This was welcome considering the changing regulatory environment that we are facing. In Europe, the worst of the crisis is now behind us.鈥�
However, Figueiredo Dias noted that despite these positive trends, the level of uncertainty remains particularly high, with growth momentum stabilising, while private and public debt continue to cast a shadow.
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