Chair’s Message
The purpose of the capital markets is to allocate capital in the real economy to improve social welfare. The increased complexity and interconnectedness of today’s markets, driven by financial innovation and globalization, can sometimes cause market participants and regulators to lose sight of this dimension of the markets’ role. Capital markets can only maintain their integrity if they contribute to social welfare by reducing the cost of capital for companies, providing investors with fair and transparent opportunities to invest and reducing risks to increasing the stability of the financial system. People, not algorithms, models or platforms, must be the driving force in shaping the evolution of our markets and how they produce mutually beneficial outcomes for the firms and individuals who interact as buyers, sellers or intermediaries.
READ THE FULL REPORT OSC ANNUAL REPORT 2014
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