CHAPTER 9

Cross Border and Domestic Communities

Is financial services a global activity? As usual, the answer is “it depends.” Within a single country, there is a significant amount of trading in the various asset classes, involving the various firm types and actors we have described, using different methods of communication (some of which we explored in the Investment Roadmap), and through the various functional roles. And so, it can be argued that domestic activity plays a substantial role in financial services and can be seen as its own CoP.

In the same way, cross-border activity involves different types of firms, across different countries, with rules that many times conflict. Individuals and firms operating in this space need to be multilingual, ...

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