ICMA second Regulatory Policy Newsletter

03 July 2006

ICMA release its second regulatory policy newsletter covering among others issues on bond market transparency, the MiFID Directive and Clearing and Settlement.

ICMA believes that its role as the self-regulatory body for the European bond market will enable it to make an influential contribution to the debate on bond market transparency.

“The risk is that regulatory intervention may damage the European wholesale bond market”, René Karsenti, ICMA Executive President said with regard to the latest developments in Clearing and Settlement issues. ”The true danger is that by interfering with post-trade structures in Europe – and be it with the best of all intentions towards a reduction in cost – the successful and well-functioning set-up for wholesale bond trading could be jeopardised.”

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