As a central banker, I have a special interest in developments in the money markets, so this will be my first main topic. Subsequently, I will discuss some regulatory aspects such as the Liquidity Coverage Ratio and its possible impact on capital markets.
Thereafter, I would like to describe some changes in the repo market and the ongoing trend towards clearing via central counterparties, followed by a discussion of developments in the market for covered assets. Before I summarise, I will cover the sovereign bond market. 2.