BIS Review 59/2006  3  Securities At the same time, emphasis is being placed on the development of paperless cross-border trading systems and on systems which enhance the security and finality of transactions. In addition, greater efforts are being made to ensure compatibility of systems in order to more efficiently facilitate crosstrading of securities on a regional basis.
Prospects for growth in the international financial services sector of developing countries A quick evaluation of the future of the international financial sector, more familiarly termed the offshore sector, shows that, as high net worth companies and individuals grow in wealth and seek vehicles for tax planning to reduce their tax liabilities, the international financial services sector worldwide will grow despite efforts to prevent it.