The global economy has changed the paradigm.

Events that were least expected to occur happened due to globalisation. The current international economy is relatively open, where there is a high degree of capital mobility and destinations for foreign investments. In the second half of the nineteenth century, the submarine inter-continental telegraph cables enabled the integration of world market. In the late twentieth century, ICT revolution evolved. Modern systems increased the volume of transactions and sustained international trading system. Globalisation has offered insights into benefits to national economies, to investors and savers. It has changed the market structure, created new risks and challenges for market participants and policymakers. INTRODUCTION Definitions express different assessments of global change. Generally, globalosation is characterized by an increase in flow of trade, capital and information as well as mobility of individuals to cross border.