A report by Greenwich Associates says many of the most important changes in financial market structure in 2017 will be driven by two disruptive factors: technology and Trump.
Some of the trends noted in the report are:
- the 'Trump bump' will continue to boost financial markets and the incoming administration will move aggressively to “right size” capital markets regulation;
- a full repeal of Dodd-Frank is not expected, but there are other, potentially radical, changes such as a softening of the Volcker Rule, a revamp or even repeal of Reg AT, increased scrutiny of Reg NMS, a dramatic slowdown in the move toward public reporting of US Treasury trades, and a complete reassessment of the SEC’s ill-fated ticket pilot;
- blockchain will move from proof of concept to reality;
- cloud computing will become so pervasive that it will soon be known simply as 'computing';
- electronic trading will continue to expand in fixed income, and principal trading firms will start leveraging their sophisticated internal platforms by selling technology, providing custom liquidity streams and allowing buy-side firms to completely outsource their trading desks.
The report's author, Greenwich Associates' Kevin McPartland, says: “Of course, President Trump will have no influence on one of the biggest regulatory events in global capital markets: the on-going implementation of MiFID II in Europe.”
Read more in the full article here.
CTMfile take: Some will find this top-10 list reassuring in that it focuses very much on practical developments in technology and financial markets. In any case it is worth a read.
Fraud in 2017 is going to get worse for banks and corporates
How to prevent this happening in your organisation
7 cyber threats for 2017: payment systems at risk
Kaspersky Lab, the global cybersecurity firm, has published its threat predictions for 2017, which includes the commoditisation of financial attacks and the compromise of payment systems.
How will risk management change in 2017?
How can risk be a 'performance driver' or 'value creator'? Technology is set to change the way companies think about risks and here are six risk management trends to watch out for next year.