In January 2007, it was difficult to foresee with clarity the significant changes in finance and international financial law that would take place in the next five years. We know that from 2007 to 2012, such change was constant and the pace of such change was rapid.
Similarly, it is difficult now to foresee with clarity the changes in finance and international financial law that will take place in the next five years. We can assume that, during the next five years, change will be constant and the pace of change will be rapid. But we can analyse some of the factors that will shape such changes in the next five years.
Relevant factors impacting change
The factors influencing change in finance and international financial law during the next five years include: (i) the sovereign debt problems and fiscal deficits in developed countries; (ii) the growing scrutiny and regulation of multinational...