Reviewing the topics we have highlighted in our GSS Newsletter throughout the outgoing year, it becomes evident that most of the capital markets in Central and Eastern Europe covered by UniCredit have made huge efforts to adapt themselves to international regulatory standards. The times of the “Wild East” are gone (at least as far as the financial markets are concerned).
Much of this is induced by tight regulatory schemes adopted by the US and the EU, radiating into areas with otherwise no intention to submit themselves to prescriptions from outside. This may be listed among the positive implications of globalisation.
Global Head of Securities Services