IOSCO published the report offering recommendations to improve regulatory reporting and public transparency in the secondary corporate bond markets. The report offers seven recommendations to improve the information availability to both regulators, through reporting, and to the public, through transparency requirements.
This report is part of the ongoing work of IOSCO to improve the functioning of global corporate bond markets. It recommends that regulatory authorities should:
- Ensure that they have access to sufficient information to perform their regulatory functions effectively
- Have clearer regulatory reporting and transparency frameworks to facilitate better cross-border understanding of corporate bond markets
- Consider steps to enhance pre-trade transparency in corporate bond markets and implement regimes that require post-trade transparency
This report updates the 2004 report of IOSCO on transparency of corporate bond markets. Before the publication of this report, IOSCO had examined the liquidity of secondary bond markets and published its initial findings in March 2017. IOSCO is also examining how liquidity in corporate bond markets might be affected under stressed conditions.
Keywords: International, Securities, Corporate Bond Market, Regulatory Reporting, Transparency, IOSCO
Previous ArticleBNM Finalizes Paper on Value-Based Intermediation in Islamic Banking
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.