Karim Mourtada, a banking and financial regulation expert at SILA Law Firm, offers a clear, structured take on a growing paradox: regulation—originally designed to promote stability and convergence—is increasingly shaping segmentation and hierarchy across the international financial system.

As global finance becomes more fragmented, regulation is no longer just about safeguarding markets. It is now a force that:

1. determines access,

2. ranks participants, and

3. reshapes economic pathways.

That is the core message of Karim Mourtada’s second instalment in the Futurise series on financial fragmentation:

“Financial regulation and fragmentation: how rules become borders” (read it here):

A valuable read for decision-makers, the article explains:

• how expanding rulebooks are redrawing the map of global finance,

• why compliance has become a strategic lever—not just an operational constraint, and

• how regulation is now actively contributing to financial fragmentation.

A rigorous, real-world analysis that helps clarify what is happening behind the rules—and why, today, they matter as much as the flows themselves.

Recommended for anyone navigating a financial world that remains global, but is becoming far less uniform.