ISLA 2018: Financial markets must ‘reassure’ and ‘rebuild trust’
21 June 2018 Lisbon
Image: Shutterstock
Financial markets must “reassure” people of their reliability and “rebuild trust” in the coming years, according to Gabriela Figueiredo Dias, chairperson of Portugal’s Securities Market Commission.
In her keynote speech at the International Securities Lending Association’s (ISLA) Annual Securities Finance and Collateral Management Conference in Lisbon, Figueiredo Dias said that this was one of the “key trends” the financial services industry would see over the next few years.
She said: “In general, we as the financial sector are perceived to have failed the global economy at the beginning of the century.”
“We 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.”
She added: “We need to reassure people of the reliability of the financial markets,” 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.
“In 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.”
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 Securities Lending Association’s (ISLA) Annual Securities Finance and Collateral Management Conference in Lisbon, Figueiredo Dias said that this was one of the “key trends” the financial services industry would see over the next few years.
She said: “In general, we as the financial sector are perceived to have failed the global economy at the beginning of the century.”
“We 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.”
She added: “We need to reassure people of the reliability of the financial markets,” 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.
“In 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.”
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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