2026 Capital Markets Outlook
A Roadmap to Effective and Resilient Markets
SIFMA’s Capital Markets Outlook brings together market insights and industry perspectives on the economic, policy, and regulatory issues shaping today’s capital markets.
The report examines key developments affecting market structure, capital formation, and market resilience. As SIFMA marks its 20th anniversary, this Outlook builds on two decades of engagement with market participants, policymakers, and regulators to support strong, well-functioning markets.
Key Takeaways
- Capital markets remain central to economic growth, supporting investment, innovation, and long-term financial security.
- Policy and regulatory decisions will shape market structure and liquidity, particularly as Treasury clearing, capital frameworks, and emerging technologies evolve.
- Innovation continues to reshape markets, including developments in digital assets, private markets, and trading models.
- Operational resilience remains a priority, supported by business continuity planning, cybersecurity frameworks, and industry exercises.
Topics Covered
The Outlook explores several issues shaping capital markets today, including:
- U.S. Treasury clearing and market structure
- Capital and leverage frameworks
- Digital assets and emerging technologies
- Private markets and investor access
- Extended trading hours
- Market resilience and operational preparedness
At SIFMA, we believe vibrant and healthy capital markets are built through sound market structure, clear rules, and strong investor protections.
Ronald J. Kruszewski, David Lefkowitz, Larry Martinez, Kenneth E. Bentsen, Jr.
SIFMA Board of Directors
