Battle-weary markets pray in vain for peace in 2011

Unless you were in the developing markets or corporate credit, working in the global capital markets was tough in 2010. It was a year punctuated by sovereign shocks, clouded by regulatory uncertainty and hamstrung by low, slow growth in the developed markets as austerity took hold. But what of 2011? Can we expect an easier ride — what many are calling a ‘return to normalisation’? Toby Fildes picks out some of the possible developments and events to watch out for in 2011.