What𠏋 driving expansion of global capital markets

• Continued disintermediation, securitization and globalization support expansion

• By 2004, debt market was largest component of global financial markets and the fastest growing

  • Trend expected to continue into future with debt component almost doubling in 2010 from 2004 level

• U.S. represents nearly 40% of global financial market

  • Continues to serve as hub, but Europe and Asia are gaining share

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