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Investing in Change: The Reform of Europe?s Financial Markets by Andrew Gowers

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IntroductionSIMON LEWIS

It is a truism that liquid capital markets and a well-functioning banking system are the beating heart of any successful modern economy. And whatever else may be said about the economic predicament in which we find ourselves in Europe, no one can seriously pretend that the capital markets or the banking system have been functioning as they should in the past several years.

This book is an exploration of what has gone wrong and of the efforts that are under way to put it right, published under the auspices of the organisation representing the leading European and global banks active in the wholesale markets, the Association for Financial Markets in Europe (AFME).

I hope readers will quickly realise it is not propaganda. ...

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