Five fixed income trade associations told the UK's Financial Services Authority this week that the European secondary bond market was transparent enough already, and did not need further regulation to promote transparency. The associations were responding to a consultation paper the FSA put out in September, asking whether the transparency regime of the EU's Market in Financial Instruments Directive (MiFID), due to be introduced for equities in April 2007, should be extended to the bond market.
December 09, 2005