EAPB position on non-equities markets transparency

06 March 2007

Responding to CESR’s call for evidence on non-equities markets transparency the EAPB welcomes that the initial limited fact-finding exercise in relation to cash bond markets has been extended through this second tranche of technical advice requested from CESR. However, the result to be achieved should remain open. No regulation should remain an option even though an in-depth assessment is carried out.

EAPB also notes that it should be up to the legislator to found regulatory interventions through well-established market failure. In any way, it is not the task of market participants to prove the functioning of markets by providing market specific and detailed indications, EAPB says.

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