Globalization of the Equity Markets Foreword

As a prelude to the IBA's workshop on world capital markets, a lecture on that same subject was delivered at Fordham University School of Law on January 13, 1997 by Richard A. Grasso. Discussed at that lecture were topics such as what are the world's future capital needs and how they will be met, what will happen to the regulation of financial intermediaries and securities offerings, what changes will there be in the role of securities exchanges, and what roadblocks are posed by existing laws to the globalization of the capital market and what should be done about them.