Shining a Spotlight on Bond-Market Liquidity
By Sarah Krouse
Oct 27, 2015
It has been been one of the most hotly contested issues across Wall Street with some of the biggest names in finance lining up on opposite sides of the debate: Has bond-market liquidity deteriorated since the financial crisis?
Now a group of global securities regulators is trying to settle the debate or at least hear what financial community has to say about it.
The International Organization of Securities Commissions surveyed about 100 banks, asset managers, trading platforms and regulators from August to October, according to people familiar with the work, asking questions about corporate-bond-market conditions before and after the crisis. Iosco also held two industry roundtables earlier this year in Frankfurt and Toronto on the subject.
The work could lay the foundation for future proposals on ways to improve global bond-market structure, the people said, and the body is expected to review the survey responses at a meeting in Brazil this week.
The full article is available here.