©Deloitte 2007
2 Discussion Agenda 1. Results – the Deloitte “beursbarometer” 2. The “new” order - Stock Exchanges 3. Facts and Vision
©Deloitte Results: Deloitte’s Annual BeursBarometer
©Deloitte 2007 Results: Deloitte’s Annual BeursBarometer
©Deloitte Results: Deloitte’s Annual BeursBarometer Outcome: Welcome of the virtual stock exchange Power to shareholders Current business climate in The Netherlands Governance structure and Directors’ compensation ‘Room for improvement’ ©Deloitte 2007
6 The New Order - Stock Exchanges Equity markets Private equity and hedge funds Developments Consolidation trading rooms electronic trading Markets in Financial Instruments Directive (MIFID) Emerged markets and products ‘The successful sieze the opportunities
©Deloitte Conclusions FactVision Euronext Amsterdam lags other markets in net IPOs Banks and regulators need to stand-up Economic climate not attractive for multinationals Teaming and winning proposition Credit crunch is in process and at the outset manageable Lock-in your finacning needs New order for stock exchanges Increase in competition and opportunity
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