Market liquidity may fall further, as financial firms trim capacity and as central banks experiment with negative interest rates. Huw Van Steenis on what it may mean for investors.
Morgan Stanley Research, in conjunction with Oliver Wyman, has written a Blue Paper, “Wholesale Banks & Asset Managers: Learning to Live With Less Liquidity" (Mar 13, 2016). Blue Papers involve collaboration from analysts, economists and strategists across the globe and address long-term, structural business changes that are reshaping the fundamentals of entire economies and industries around the world.
Call your Morgan Stanley representative or Financial Advisor for a copy of the full report and additional research about on the European financial sector and outlook. Plus, see more of our Ideas.