A number of previous speakers at the Campus for Finance 2006 have looked at specific financial market segments, inter alia the government bond market, corporate bond markets, equity markets, securitisation markets and debt markets. I will now cover all these major market segments from the point of view of the state of their integration.
The new risk control measures, communicated by the ECB on 4 September and entering into force on 1 February 2009 reflect, inter alia, improvements in the methodological framework, the assessment of market and liquidity risk characteristics of eligible assets, the actual use of eligible assets by counterparties and new developments in financial instruments.