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People and MarketsRegulation

Fair and Effective Markets Review legacy finally hits primary bond markets

Primary bond markets have a new code of practice, released as part of the legacy of the Fair and Effective Markets Review. The draft standard, released on Friday morning, is supposed to apply to issuers, investors and underwriting banks in the wholesale fixed income markets in Europe, and, unlike other practice guidelines, applies across investment grade, high yield, securitization and emerging markets.

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