Mr. Nick Forrest, Director Economic Policy, PricewaterhouseCoopers LLP

Market liquidity is critical to an effectively functioning market but there been a reduction in financial market liquidity and this has had a knock on effect on markets and ultimately the real economy. The reduction in liquidity has been brought about by a range of factors including financial institutions’ responses to new regulatory risk frameworks. PWC have carried out a report on behalf of the Global Financial Markets Association (GFMA) and the Institute of International Finance (IFF) to examine the impact of these changes.

This presentation will set out the main findings of this important study including weighing up the costs and benefits of regulation and identifying regulatory initiatives that in aggregate could have a greater adverse impacts on market liquidity than might have been envisaged when they were designed individually.

We are very pleased that the one of the authors of the report, Nick Forrest from PWC’s London office, will lead us through some of the main findings which is being used in advocacy efforts with policy makers around the world including in Japan