Kevin M Warsh: Financial intermediation and complete markets Remarks by Mr Kevin M Warsh, Member of the Board of Governors of the US Federal Reserve System, at the European Economics and Financial Centre, London, 5 June 2007. *  *  *  Thank you for the opportunity to speak today about financial intermediation and developments in the capital markets.
New financial instruments and changing models of financial intermediation are having a profound impact on global financial markets. London, home to one of the world’s fastest growing and much admired financial centers, represents a most appropriate venue to discuss these changes.