Publication - Think Global, Act local - speech by Minouche Shafik - 24 October 2016 - Speech by Minouche Shafik, the Bank of England’s Deputy Governor for Markets and Banking.
The benefits of open capital markets are clear. They facilitate the flow of finance to where it would be most productive and help ensure global resources are allocated most efficiently. They allow savers and investors to diversify portfolios beyond national borders, and they provide a greater range of funding sources to fast growing economies and businesses.