State of the Capital Markets, 2018
A snapshot of the capital markets in 2018, including key developments and statistics in:
- Corporate Credit
- Derivatives
- Equities
- Market Infrastructure
- Municipal
- Repo and U.S. Treasuries
- Securitization
While the U.S. already had an extensive financial services’ regulatory structure built up over a century, post-crisis regulations significantly added to the number of regulations. The industry remains focused on establishing smart regulations, ensuring economic incentives and costs are calculatable, and enabling capital markets to run efficiently. The goal is not to start the regulatory process over, but rather to recalibrate those regulations which may have unintended consequences.
Excerpt
Corporate Credit Market
U.S. corporate credit markets serve as a vital source of financing for corporate borrowers and has seen significant growth in a relatively benign interest rate environment. The last several years have been a period of meaningful evolution in market structure driven both by regulatory requirements and dynamic market driven solutions to improve transparency, liquidity and efficient market functioning. The U.S. corporate credit markets are the largest in the world and continue to attract global issuers and investors.