Bid-asks to gap out under buy-in rules, ICMA warns

drought_Alamy_230x150_28Nov19
By Jasper Cox
28 Nov 2019

The mandatory buy-in regime under the EU’s regulation for central securities depositories (CSDR) is expected to cause bid-ask spreads across bond markets to widen significantly, according to a warning from the International Capital Markets Association. The lobby group would like the rules changed.

The regime is set to come into force next September, although it is thought it will be extended to November because of an issue relating to cash penalties.

ICMA surveyed 44 firms, split across the buy side, the sell side, and repo and securities lending. In total, 84% ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

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: subs@globalcapital.com or find out more online here.