| Abstract | Technological innovation has brought wider access and greater speed to financial markets. In combination with an increasing sophistication and diversity of financial products and the globalisation and liberalisation of markets, this adds up to a revolution in the way in which financial business is done. This article, which is the text of the speech delivered by Tony Latter, Deputy Chief Executive of the Hong Kong Monetary Authority, at the Asian Treasury Forum 2000 on 22 February 2000, examines the advantages - and the problems and pressures - that a high-speed financial environment brings. |
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