‘EDDI is dead’: market forum opens talks on a different form of harmonisation

Fintech_Adobe_575x375_July29
By Burhan Khadbai
01 Oct 2020

The proposed European Distribution of Debt Instruments (EDDI) project as a one-stop synchronised front to back office platform for the eurozone bond markets is unlikely to come to fruition, with the focus now centred on a far different proposition, according to senior members of a market forum spearheading the talks.

“EDDI is dead,” said a senior member of the Debt Issuance Market Contact Group (DIMCG), a temporary forum created by the European Central Bank to discuss the EDDI project, which held its first meeting last week.

“It’s not about a platform anymore,” he said. “It’s how we improve ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial