Introduction
Capital market digitalisation efforts speeding up
Technological overhauls will have impacts on disintermediation, automation, risk, new products and local currency capital markets
Key findings
Frequent borrowers set to lead digital transformation
Exclusive survey of public-sector issuers reveals widespread plans to test and promote primary market tech projects
1. Fixed income: primary market
Primary bond markets are ripe for renewal
Antiquated issuance process will soon be usurped by new technology. Banks, fintechs and issuers are driving the change
2. Secondary market trading infrastructure
DLT has the potential to inject long-overdue efficiencies and enhanced liquidity into fixed income market infrastructure
3. The internationalisation of capital markets participation
Digital finance offers hope of internationalising emerging markets
Emerging markets and developing countries to participate more in both local currency and international capital markets
4. Securities lending and liquidity management
New tech can address multiple pain points in securities lending and collateral management
5. Structuring sustainable assets on blockchain
Blockchain technology could provide the platform for reliable, accessible and updated data on sustainability-linked deals
OMFIF DMI Future of Capital Markets 2022
Authors
Lewis McLellan
Editor, Digital Monetary Institute
Phil Moore
Phil Thornton
Alexandra DeLuca
Editorial and Production
Clive Horwood
Managing Editor and Deputy CEO
Simon Hadley
Director, Production
William Coningsby-Brown
Production Manager
Fergus McKeown
Subeditor
Research
Kat Usita
Managing Director, Research
Mausi Owolabani
Policy Analyst
Marketing
James Fitzgerald
Deputy Head of Events and Marketing
Henna Rattu
Marketing and Events Coordinator
DMI team
Katie-Ann Wilson
Head of Policy Analysis, Digital Monetary Institute
Philip Middleton
Chairman, Digital Monetary Institute
Folusho Olutosin
Commercial Director, Digital Monetary Institute
Sinan Yilmaz
Programmes and Account Executive, Digital Monetary Institute
SDI team
Marcin Stepan
Managing Director, Sovereign Debt Institute
Melissa Roache
Commercial Director, Sovereign Debt Institute