On 14th and 15th of June 2012 Banco de España and the Bank of Canada was jointly organized in Ottawa the “Second Workshop on International Financial Markets”. The workshop provides a forum for researchers from both academia and central banks to discuss, among others, the following topics: international asset pricing, sovereign risk models, international asset markets comovements and cross border capital flows, globalization and contagion during the crisis and the impact of regulation and policy on international financial markets.