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BMO’s Barclay Sees Capital Markets’ ‘Robust Phase’ Near an End

  • Executive sees market gauging risks such as inflation, economy
  • Energy market may be out of balance for months, Barclay says
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WATCH: BMO Capital Markets CEO Dan Barclay says capital markets are at the “end of the robust phase.”Source: Bloomberg)

The head of Bank of Montreal’s investment-banking and markets business said capital markets are at the “end of the robust phase” that powered them through the pandemic and are shifting toward a more uncertain future.

Capital markets have been in a boom period marked by heightened merger activity, strong equity markets, low interest rates and subdued fears among investors, BMO Capital Markets Chief Executive Officer Dan Barclay said in an interview Monday at the Milken Institute Global Conference in Beverly Hills, California. The conversations among market participants now are shifting to the risks ahead, he said.