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April 4, 2005
Financial Services Agency
''Convergence of Global Capital Markets''
Presentation to
Conference on Global Capital Markets
Brussels
April 4, 2005
The conference on global capital markets was held in Brussels on April 4 and 5, 2005. This was the 125th anniversary conference held by the Institute of Chartered Accountants in England and Wales (ICAEW) to discuss the future direction of global capital markets.
Mr. Toru Shikibu, Deputy Commissioner for International Affairs of the FSA, was invited to the conference as one of the guest speakers on the theme of ''Regulation of Capital Markets: Cooperation, Overlap or Competition''. Here is the 
material of his presentation, tilted ''Convergence of Global Capital Markets - To Avoid Paradox of Globalization''.
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