Speakers at City Week 2022, an annual international financial services forum, have debated the regulatory implications of deglobalisation on markets, with some advocating more co-operation among financial regulators and others commenting on the promotion of competition.
At the second day of the conference, which is on the future of financial regulation, Miles Celic, CEO of TheCityUK said "there is a real sense of globalisation moving backward" which he described as a "worrying trend". He flagged that financial institutions are at an acute risk in this scenario as they are "international in nature" and there are "risks of the markets coming apart". Ashley Alder, board chair of IOSCO and CEO of HK Securities and Futures Commission, agreed that there was a risk of deglobalisation, noting that he believed there was substance to Larry Fink, CEO of Black...
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