Banks question the need for EDDI in ECB consultation

By Burhan Khadbai, Jasper Cox
22 Oct 2019

Investment banks have voiced their criticisms of the European Distribution of Debt Instruments (EDDI) project, saying that the private sector already has solutions to the primary bond market’s problems, according to responses to the European Central Bank’s (ECB) market consultation seen by GlobalCapital.

“With regards to the pre-trade process, we see that harmonisation is currently occurring in the market via a number of private initiatives, making the need for EDDI less critical,” said BNP Paribas, but added that “all initiatives should be explored alongside EDDI”.

The bank also said that “it is ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.