Although in no way comparable to the devastating events of the 1930s and 1940s, the crisis represents the deepest and broadest financial upheaval since that era, and in many ways, we, too, are grappling with a changed world. Today’s conference has looked at this post-crisis environment and the issues we now face from many angles.
Change brings opportunities, whether in renewal or simply in things being different. But change inevitably involves uncertainty. We are acutely aware of the challenges and risks that have been developing over the last decade and may emerge for the funds sector and market-based nance more broadly.