Sample Term Paper
The current global financial market is under combined pressure from several factors affecting financial innovation. These factors include increased competition, new technology, rapidly changing markets and pending and new legislative transformations.
Presently, attention of financial executives is drawn to development of new products that increases profits and chances of institutions in the market. Another challenge is the existence of innovations from merging markets like china that have adversely affected the global financial market performance[1]. These financial innovations have affected every sector of the financial market like interest rates, net flows in investment and savings, exchange rates and demand for finance.
[1] O’Riordan, Research and Development, 5.
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