Newsletter Dec 2005: Trade bodies reject bond price transparency regs

LONDON – There is no case for the regulation of price transparency in Europe’s bond markets today, say five fixed income trade associations in a joint document aimed at fending off any moves to bring their market within the kind of transparency regime that is about to be applied to equity trading under new EU legislation. The current, competitive bond market structure already provides investors with appropriate levels of price transparency across the various market segments, the trade associations argue.