Meanwhile, and probably for another year, the global capital markets are becoming half open.
"The global capital markets environment was very challenging" in the first quarter, says William Tanona of Goldman Sachs.
The audit firms are indispensable to the global capital markets because they have a government-sanctioned franchise to provide audits.
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The Treasury Department continues to closely monitor the global capital markets, and the past several months have presented to us many important issues and situations to evaluate and address.
It has argued that this would jeopardise future efforts to borrow in the global capital markets, and that it is logistically complicated because it could involve negotiating with hundreds of investors.
The six-month survey sampled 185 senior managers and C-suite risk management professionals from major capital markets firms in North America, EMEA and APAC on the latest challenges facing the global capital markets industry.
With a wide-ranging knowledge base, she created a new way of investing by capitalizing on dislocations across the global capital markets and identifying areas of investment where capital is most needed and valued.
"Because of Citigroup's complexity, its significant exposure to the global capital markets, and current illiquidity and volatility of some of those markets, additional marks in its investment bank cannot be ruled out, " said Senior Vice President Sean Jones of Moody's.
" From the region's financial turbulence he drew one lesson: "Countries cannot compete for the blessings of global capital markets and refuse their disciplines.
But the main focus is a discussion of global capital markets and the international monetary system.
And over the last two decades, the flow of capital to new markets has spurred the global economy to triple its size.
Finally, what happened to the seemingly slam-dunk claim that PwC U.S. controlled the audit and PW India through the U.S. Global Capital Markets Group?
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The amounts they raise on global capital markets are pretty trivial: less than 2% of South Korean and Singaporean government debt is denominated in foreign currency, for example.
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Underpinning this development is the integration of half the world's population into the global market economy, and the deepening and broadening of the capital and derivative markets.
But if you think about global capital markets are in the couple of hundred trillion dollars, and if you lose five percent of that - I mean, you are talking about trillions of dollars, I think, being lost all in the matter of a few hours.
If the only result of these developments in the U.S. capital markets is to make it more difficult for global bad actors to get the funds with which to finance their odious operations around the world, the effort would be worthwhile.
To be sure, things could be different in the event other executive branch agencies prove less responsive than the SEC to the danger posed by global bad actors in our capital markets.
Chetan Ahya, an economist at Morgan Stanley, thinks India has its problems, but that the weak rupee mainly reflects the trauma in global markets, which has caused capital flows to dry up.
Panic grips the markets, spreading outward from one global capital and then back inward in a spiraling oscillation of fear and greed and fear again that roams from New York to London to Germany to Japan and back to New York again, whether through Moscow or Calgary or Milan.
George Gero, vice president and precious-metal strategist with RBC Capital Markets Global Futures, said that the fact that gold futures have traded in tight range in the last few days suggests that investors are uncertain about what the central banks are going to do.
The first geostationary communications satellite went up in 1960, changing global capital markets instantly.
To some degree, this indicates the capital markets expect an orderly withdrawal from the massive global monetary stimulus measures currently in place.
In 2009, the McKinsey Global Institute estimated that U.S. banks and capital markets firms collectively had more than one exabyte of stored data.
George Gero, precious-metals strategist with RBC Capital Markets Global Futures, pointed out that the number of open positions in Comex gold for contracts beyond 2012 is building.
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Global equity capital markets volume fell 20% through the first six months of the year compared with last year, and global debt volume fell 30%, according to Dealogic.
Bigger companies, public companies, global companies, and those with systemic importance to the capital markets take on even greater obligations and should be forced, in my opinion, to demonstrate commensurate stewardship.
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The confidence of all users of financial statements in the transparency and integrity of financial reporting is critically important to the effective functioning of capital markets, efficient capital allocation, global financial stability and sound economic growth.
The second largest economy in South America has been shoved out of global capital markets since its default.
Morgan Stanley and RBC Capital Markets acted as global co-ordinators for the Offering.
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