The Governor, in the keynote address to the Colloquium of the Societe Universitaire Europeene de Recherches Financieres, reviews the rapid structural changes in financial systems which are taking place in the United Kingdom and elsewhere; he examines the factors which have contributed to these developments and sets out some of the issues they raise both for the financial institutions and for the supervisory authorities.
Shifting frontiers in financial markets - their causes and consequences